Portrait of Mike Toms

Mike Toms : Director

Mike joined Oxera as non-executive director in January 2007. An expert in aviation, energy and regulatory best practice, Mike specialises in large capital expenditure programmes, and has an in-depth understanding of the relationship between regulated utility companies and their regulators. He was formerly Group Director, Planning and Regulatory Affairs, BAA and member of the BAA plc board. He was also a director of the Airports Property Partnership and a member of the Governing Board, Airports Council International (ACI), Geneva. He was Chairman of Northern Ireland Electricity until 2011, and chair of one of the electricity industry’s code panels for six years until 2017. He was a director of UK Coal plc for five years and of Bellway homes plc for nine years. He has been a director of Birmingham International Airport Limited for the last 11 years, and of John Murphy and Sons, the civil engineering contractor, for the last three years.

As Group Director for planning and regulatory affairs at BAA plc up to its takeover in 2006, Mike managed relations with the industry regulator and general regulators, in particular the OFT and the Competition Commission. He also oversaw the ten-year CAPEX programme, including major construction projects amounting to £1 billion per year. As Strategy Director he advised on the overall Group direction, providing leadership to strategy initiatives such as acquisitions and disposals, partnerships and scenario planning.

Previously, Mike was Head of Economics and Director, Corporate Strategy at BAA plc and Chief Economist at ACI. He is a fellow of the Royal Aeronautical Society, a member of the Royal Institution of Chartered Surveyors and a member of the Royal Town Planning Institute.

Mike speaks English.

Tel: +44 (0) 7770 341581

Mike's specialisms include:

professional experience

  • Member of the Independent Panel of Inquiry into the failure of the UK air traffic control system (2015)

  • Advice to a major infrastructure fund on its acquisition of a Northern Irish gas company (2013)

  • Advice to HM Treasury on the use of regulatory asset base (RAB) principles for infrastructure financing (2011)

  • Advice to a major Asian hub airport on economics and regulation (2010–)

  • Advice to a major Australian airport on issues of aviation economics and airport operations

  • Review for the Office of Rail Regulation of its performance in the conduct of PR08


  • Mike has written numerous articles in economics, planning and transport journals, including the Journal of Air Management, the CRI Review, The Planner and Agenda. He is a member of the Editorial Board of the Journal of Air Management.


  • MA Nottingham University, UK

  • BA Durham University, UK

  • Fellow of the Royal Aeronautical Society

  • Member of the Royal Institution of Chartered Surveyors

  • Member of the Royal Town Planning Institute

Latest Insights:  Mike Toms

4 minute read
As the UK general election approaches, voters are being seduced by promises from all the parties about how much they will invest in improving the nation’s infrastructure over the next…
5 minute read
Given the approval of the UK government’s National Airports Policy Statement on 5 June 2018, observers may think that the last remaining major obstacles have been removed and the bulldozers…
6 minute read
In May 2017 I was asked for some thoughts on the proposals for renationalisation in the Labour Party manifesto. Back then, I thought that by the time of publication this…
5 minute read
How has regulation changed in the last six years? Oxera Director, Mike Toms, looks back at recent regulatory developments, and considers how his advice to company executives might now have…

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