Spinning for Heathrow
There is no business itch too trivial for the British Chancellor George Osborne not to want to scratch it, no matter what the other consequences. So perhaps it shouldn’t come as a surprise that the sustained lobbying by not one but two separate Heathrow expansion campaigns has got Osborne, or so it’s claimed, lobbying his Cabinet colleagues on a change of mind on Heathrow’s third runway. I’ve written here before…about the long-term trends influencing aviation in the rich world. My assessment then was that most of them pointed to a decline in demand for long-haul flight (and in Europe and the United States, probably short-haul as well). So it’s probably worth spending some time on the “studies” which support the latest political mood music emanating from Number 11.


