From next March transatlantic flights will cheaper, thanks to a new deal allowing easier air travel between Europe and the US.

The ‘open skies’ agreement signals a revolution in air travel, easing restrictions on travel between Europe and the US.

At present, only BA, Virgin, American and United airlines are allowed to fly from Heathrow to US airports.

However under the new arrangement, European airlines will now have the chance to compete for routes to the USA from any European country.

Speaking to the BBC, US Transportation Secretary Mary Peters said the deal would help to boost "economic, political, and personal relationships between our two continents for years to come".

The Heathrow-US route represents about a third of all flights between Europe and America.

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