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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