Time (October 26)
“The approval of Heathrow’s extension risks being not a symbol of Britain’s openness to global investment, but a reminder that the country is frequently hamstrung by turgid, centralized bureaucracy, deficient planning laws that act as a brake on growth, and a thornily complicated legal system that can bind up investors in court for decades.” Though the British Government approved expansion of Heathrow Airport, this is just the beginning of the process, which still requires a vote of Parliament next year and subsequent approvals from various governmental bodies. The earliest construction start for the new runway is 2021, with most experts agreeing 2030 is realistic for completion. Some, however, “think it may never be built, that the roadblocks in its way are insurmountable.”
Tags: Approval, Bureaucracy, Extension, Growth, Hamstrung, Heathrow, Investment, Openness, Parliament, Planning laws, UK
