As a consequence of the high quality of customer submissions, we have revised Airways’ price increase from the 23% proposed in February to 15.7% over the three years of the pricing period.
Typical Airways tactic. Come out with a high price and then after some "consultation" drop their price to the level they actually wanted right from the start and make out they're the good guys.
Airways are very much a cost plus organisation with no concept of market forces. Airport companies are the same. As for CAA, they're digging themselves out of a big financial hole, caused by ballooning staff numbers and the unnecessary shift to new expensive building.