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Heathrow expects tax rise to hit earnings for the year
Western Morning News (Saturday)
|June 28, 2025
LONDON’S Heathrow Airport expects its earnings for 2025 to take a hit as it weighs the cost of Labour's hike to employer's national insurance contributions.
The airport expects earnings before interest, taxes, depreciation, and amortisation (EBITDA) to decrease by 3% to near £1.98bn over the year due to higher operating costs brought on by Rachel Reeves’ tax grab.
The Chancellor introduced the 1.2% increase to national insurance contributions during her maiden Autumn budget, alongside £36.2bn worth of tax changes.
Heathrow said as well as higher contractual expenses, pressures from security requirements and additional service mitigations were set to add to costs.
This story is from the June 28, 2025 edition of Western Morning News (Saturday).
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