8 Conclusion |
152. There is clear evidence that the aviation industry
is important to the UK economy as a whole and to the economic
development of certain regions. The aviation industry enjoys certain
taxation advantages but it receives little direct public funding.
At a time of severe economic difficulty for the industry, this
laissez-faire approach by the Government is risky and unlikely
to optimise the benefits.
153. We believe
that the aviation industry is very important to the UK economy.
We therefore find it unsatisfactory that the Government leaves
such a key industry to the vagaries of the market. The Government
needs to carefully assess which parts of the industry contribute
most to the economy, including regional economic development,
and consider a more proactive role so as to ensure that strategic
assets are not lost in these difficult economic times.
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