London Heathrow and the UK Civil Aviation Authority today came to verbal blows after the CAA (regulator) rebuffed Heathrow’s demand to raise fees by £2.6 billion. The CAA said this claim was “disproportionate” and limited Heathrow to a £300 million per annum increase on current levels. In a statement Heathrow management stated: “The CAA accepted the need for it to act in order to meet its duties to consumers and to Heathrow’s finance ability – but today it has failed to deliver…this undermines investor confidence in UK regulated businesses, and puts at risk the government’s infrastructure agenda.” The CAA in

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