Article Abstract:
The recent announcement by the European Commission that it plans to phase-out tax- and duty-free goods is expected to be strongly opposed by airport companies, which will face a substantial loss of revenue. Duty-free goods at the U.K.'s Birmingham International Airport account for 10% of turnover and their loss could cause air travel prices to increase. However, many of the large high street stores trading from the new shopping malls at airports believe that they will be largely unaffected by the planned changes, which are expected to most affect sales of liquor and cigarettes.
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Article Abstract:
A study of transport and planning policies of local authorities in the north-east quarter of the M25, Essex, England, found they all planned to allow more house building, with Chelmsford borough council anticipating 11,450 new houses between 1996-2011. The largest number of planning applications were administered by Enfield borough council at around 1,900 each year compared to only about 200 by Harlow district council. Office space availability in the area had fallen by 30% for the second qtr of 1998. Eight local councils took part in the study during Sept 1998.
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Article Abstract:
The economic prosperity of Watford in Hertfordshire, England can be directly linked to the town's close proximity to the busy M40 motorway, which runs down into the London area, and the well managed supply of offices, which hs managed to keep up with local demand. Property in the area is sufficient to meet demands of new firms relocating or starting up but local real estate agents are concerned future development may fail to satisfy demand and drive prices up.
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