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UK treasury chief backs third runway at London's Heathrow Airport
Credit: IndiaTimes- Published on January 29, 2025
The UK government is backing the construction of a third runway at Heathrow Airport to boost long-term economic growth. Treasury chief Rachel Reeves emphasized the project's potential despite opposition from environmental campaigners and some Labour party members, including London mayor Sadiq Khan. The expansion aims to address...
Video credit: ODN
Published on January 29, 2025 - 02:29
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. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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