Budget 'will threaten Heathrow development'
Loss of industrial buildings allowances will add hugely to Heathrow bill
The withdrawal of
relief for industrial buildings could put the development of Heathrow in
time for the Olympics under threat, BAA has said.
The chancellor announced he was dropping the relief in the Budget, and the
cut will mean a drop in income of £150m a year for BAA, the
A BAA spokesman said: ‘We
have a £10bn investment programme that we want to invest… however, we have to be
incentivised. We are not in a threat game, but it could put the Olympic Terminal
[Terminal 2] at risk for 2012.’