Cleared for landing: Ex-FSA head Davies swaps regulation for runways

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...