It Is Time for Baa to Bite the Bullet On Sell-Offs

The HeraldJuly 20, 2011

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Summary


IF there is a common thread running through recent events, it is a growing unease about concentrations of power and a recognition of the need to hold them to account. First it was banking, then politics and more recently the media and the police. Simultaneously many are questioning whether it is in the public interest that the UK energy market is carved up between six giant companies.

Yesterday the spotlight fell on BAA Ltd, the company that owns and operates Heathrow, Stansted, Southampton, Edinburgh, Glasgow and Aberdeen airports. In what is hopefully its final ruling, the Competition Commission ordered BAA to sell off Stansted and either Glasgow or Edinburgh. In Scotland the company has a near monopoly. Four in every five flyers use one of their airports.

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It Is Time for Baa to Bite the Bullet On Sell-Offs

How did this happen? The British Airports Authority was created in 1965 to take responsibility for the three ...

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