Luton Today
Olivia Preston
07 Jan 2026
Managing director of Luton Rising, Nick Platts, has blasted a report by City AM, published this morning (January 7), that claimed Chancellor Rachel Reeves’ new business rates could affect the airport’s growth plans.
The report claimed the airport’s business rates bill could more than double by 2029, “with payments to HMRC set to rise from just under £7m this year to £14.5m in three years, according to fresh analysis”.
But Mr Platts claimed: “As the applicant and promoter of the scheme, we want to be as clear as we can be that there is absolutely no threat to the airport’s expansion as consented through the Development Consent Order from the changes that are taking place in business rates following the Budget. We are extremely disappointed with the angle and headline of the story, and utterly reject its assertions"...
