Howard Davies, the former chairman of the Financial Services Authority (FSA), is to head up a commission looking into the possibility of a new airport in the south east, according to reports.
Having steered the regulator between 1997 and 2003, he will now be responsible for deciding whether to bow to the demands of the airlines industry and recommend a third runway at Heathrow. From the other side will come the argument that a new airport in the Thames Estuary - dubbed ‘Boris Island' because of the Mayor of London's fervent backing - would be the best long-term option. An establishment figure, he most recently hit the headlines after being forced to resign from the London School of Economics after the university accepted a £1.5m gift from a foundation led by one of Colonel...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
