L

Lord Moylan (Con)

Speaking in the House of Lords on 16 June 2026

Debate

Civil Aviation (Consumer Protection and Regulatory Reform) Bill [HL]

Contribution

My Lords, there is the case of airports such as Heathrow—admittedly few in number—that are economically regulated on the basis of a regulated asset base. Assuming that it was approved by the CAA acting as economic regulator, a Heathrow investment in infrastructure would be added to the regulated asset base, and it would earn its return that way. It does not defray those returns on the grounds that it has income from shops, drop-off charges and so on; they are pure bonus to the shareholders.

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