Tim Yeo’s Heathrow to China Bonanza

Green lobbyist and part-time MP Tim Yeo has taken a break from the golf course to make some waves today by calling for an expansion of Heathrow airport. Writing in this morning’s Telegraph, his main gripe seems to be that he can’t fly directly to some parts of China:

What better way to kick-start Britain’s sluggish economy than by boosting trade with China? Perhaps with Chongqing, with 28 million consumers, many enjoying rising incomes. Or Chengdu, with 14 million. Or how about Wuhan, with 10 million? We could not only boost exports – we currently sell more to Ireland than to China, whose population is 250 times bigger – but might also tap into the bulging coffers of the Chinese for some job-creating investment in Britain. There’s just one problem: you can’t fly directly to those three cities. Getting to and from China is harder from Britain than from our competitors.

While he does broadly make a good point, Yeo is not one to intervene unless he has a dog in the fight. So imagine Guido’s surprise at some other news today from Biofuels International:

“Developer of second generation biofuels technology TMO Renewables has signed a Memorandum of Understanding with the authorities of Heilongjiang, China. The MoU will see TMO provide long-term large volume biomass feedstock supply for future bio-fuel production facilities from Heilongjiang State Farm, the largest state owned farming corporation in China.”

And who is the well paid Chairman of TMO Renewables? Step forward one Mr. Tim Yeo. The day his company sign a new deal in China, Yeo uses his position as Chairman of the Energy Select Committee to lobby for more direct flights from London to China.

The man is shameless…

UPDATE: 

Sky’s Jon Craig is yet another satisfied reader…




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John Curtice on fiscal policy:

“Attitudes to taxation and spending are basically counter-cyclical. If a government comes in and tries to reduce spending and taxation, after a while people will get worried about the state of public services. If a government increases taxation and public spending, after a while they’ll get concerned about increasing taxation…. In as much as there are lots of ideologues out there who think the state should be this proportion of GDP, they’re all wrong. Because the public’s view is counter-cyclical to the recent experience. It’s basically impossible to satisfy the public.”

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