Govt backs Heathrow expansion to boost economic growth
Video Credit: ODN - Duration: 02:29s - Published
Govt backs Heathrow expansion to boost economic growth
The Government will back a third runway at Heathrow Airport as it looks to go “further and faster” on growth, the chancellor has announced.
In a speech in Oxfordshire on growth, Rachel Reeves said the west London airport’s expansion is “badly needed” because “for decades its growth has been constrained”.
Reeves stated that a third runway could increase potential GDP by 0.43% by 2050 and create more than 100,000 jobs.
Heathrow’s plan to build a third runway received parliamentary approval in June 2018, but has been delayed by legal challenges and the coronavirus pandemic.
Report by Faragt.
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Rachel Reeves has asserted that she is "confident" that her plans for Heathrow expansion will find the right balance between sustainable aviation and economic growth. This comes a day after the..
The shadow financial secretary has dismissed comparisons between Margaret Thatcher and Sir Keir Starmer, who likened his government to the ex-prime minister's. Criticising the Labour government's..
Government cabinet members arrive for the weekly cabinet meeting at 10 Downing Street amidst questions of Heathrow expansion, economic growth and extremism laws reform. Report by Faragt. Like us on..
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