Britain's biggest airports are joining the growing private sector backlash against Rachel Reeves's budget, warning that a £1bn business rates bill for the industry will trigger the cancellation of routes to and from the UK and higher costs for passengers.
' Airports UK also said that the tax changes announced in the budget would jeopardise the government's entire growth agenda. 'Without our sector as a major partner, the government's ambition to secure the highest growth rate in the G7 and unlock an investment-led approach to transforming the economy will be materially damaged,' it said. 'The revaluation will threaten the UK's status as a leader in aviation and a hub for global connectivity and trade.
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