Heathrow Airport’s third runway can be built in the next decade, Rachel Reeves has said, as she aims to boost growth amid the UK’s gloomy economic outlook. The Chancellor said she wanted to see the expansion completed by 2035,
U.K. Treasury chief Rachel Reeves says that the new Labour government is backing the construction of third runway at London’s Heathrow Airport.
British finance minister Rachel Reeves spelled out her plans to revive the country's slow-moving economy on Wednesday, adding to recent pledges to reform investment and planning rules with a commitment to back airport expansion at Heathrow.
Heathrow 's third runway could be built and in use by 2035, Rachel Reeves has signalled. Asked for a timeline on the plans, which she backed on Wednesday, the Chancellor told BBC Breakfast: "We want to see spades in the ground in this Parliament.
Chancellor’s optimistic economic growth vision hit in the short term as Tesco and Lloyds announce hundreds of job losses and she admits fixing the economy is ‘not an easy job’
Chancellor also vows bat tunnels will not be used in UK infrastructure projects as she defends new growth measures
The Leeds West and Pudsey MP also highlighted the benefits the Heathrow expansion would have on the rest of the UK "because the availability of slots at Heathrow is good for regional airports wanting to connect with the rest of the world".
Chancellor Rachel Reeves has backed a third runway at London's Heathrow Airport as part of a fresh plan to get the UK's sluggish economy growing. She said Heathrow expansion, which has been delayed for decades over environmental concerns, would "make Britain the world's best connected place to do business".
The government must take “urgent action” to revive London’s junior stock markets AIM and Aquis, a top City group has warned.
A third runway at London's Heathrow Airport has been supported by Chancellor Rachel Reeves as part of a new strategy to boost the UK's weakening economy.
None went as far as Labour London mayor Sadiq Khan, who responded to Chancellor Rachel Reeves’s speech confirming support for a third runway by declaring his outright opposition “because of the severe impact it will have on noise, air pollution and meeting our climate change target”.