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Families with young children, or family members with medical needs, are also set to be hit hard from changes to the waste collection regime.

Up to 700,000 householders will end up paying more when a pay-by-weight system is rolled out to every home.

The energy regulator has proposed increasing the public service obligation (PSO) that is added to all electricity bills by 40pc for consumers.

The regulator has proposed that the levy go from €80 a year for domestic customers to €112, when valued added tax is included.

The sales were part of GIP's strategy to syndicate the equity portion of the original acquisition by issuing bonds to refinance bank debt.

Although this entails bringing additional investors into the airport, GIP aims to retain management control.

Gatwick opened as an aerodrome in the late 1920s, and has been in use for commercial flights since 1933.

The airport has two terminals, the North Terminal and the South Terminal, which cover areas of 98,000 m It operates as a single-runway airport, using a main runway with a length of 3,316 m (10,879 ft).

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