Business leaders speak out against Heathrow runway

Some of the country's leading businessmen are protesting against plans for a third runway at Heathrow.

Chief executives of some of Britain's biggest firms are writing an open letter to the Government, saying London's five airports make the extra runway unnecessary.

The group is led by Ian Cheshire, chief executive of Kingfisher, and Russell Chambers of Credit Suisse, who was once dubbed Tony Blair's "favourite banker".

Other heavyweight signatories include Sainsbury's boss Justin King, Charles Dunstone of Carphone Warehouse and leading private equity figure Jon Moulton of Alchemy Partners.

Transport Secretary Geoff Hoon provoked a backlash from climate campaigners and residents near Heathrow when he agreed to plans for the 7,200ft third runway in January. The Government claimed the benefits to the economy and the City outweighed the environmental impact of the runway.

But in the letter the executives say there is no guarantee the runway would not ensure the airport serves more destinations. They also express concerns over environmental damage.

Mr Cheshire has claimed many business leaders are reluctant to speak out because they work with companies that supply services to the airport or aviation sectors.

He said: "The debate has been based on the assumption that anyone who is in business must be in favour. What became clear is that people privately felt it [opposition] and weren't sure how to kick it off."

British Airways said: "A hundred leading companies have already publicly stated their support."