U.K. Must Back One Airport Hub to Gain Trade Links, CBI Says

Britain should back the development of a single hub airport to lock in essential trading links to emerging markets and ensure long-term economic growth, the Confederation of British Industry said today.

Hubs like London Heathrow, Europe’s busiest, “act as a catalyst for new routes,” serving almost three times as many destinations as point-to-point rivals, according to a CBI report based on research by Steer Davies & Gleave. Each service to a high-growth market can boost trade by as much as 128 million pounds ($212 million) a year, the CBI said.