Air fare price warnings mount as regional airports set for rocketing tax bills

Regional airports in the UK are facing significant increases in property tax, with some seeing their bills more than double over the next three years. This is due to a major overhaul in property valuations. The increased costs are expected to lead to higher airfares, impacting passengers and potentially hindering investment in the sector. AirportsUK is responding to the Treasury's consultation on the business rates plan, highlighting the potential negative effects on local economies and global trade.