Heathrow closure to cost UK economy up to £4.8m in lost tourism
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Heathrow closure ‘to cost UK economy £4.8 million in lost tourism’
- Heathrow Airport's temporary closure due to a power outage caused significant disruption, impacting airlines, passengers, and businesses.
- The closure is estimated to cost the UK economy up to £4.8 million in lost tourism revenue per day, based on average inbound passenger spending.
- Additional economic costs include lost earnings for airport and airline staff, reduced income for airport businesses, and insurance payouts.
- The disruption highlights the vulnerability of critical infrastructure and the potential economic consequences of such events.
- This incident occurs shortly before the Spring Statement, adding pressure on the UK economy and potentially impacting public spending plans.