EconomyLens.com
No Result
View All Result
Friday, July 4, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

UK backs third Heathrow runway in growth takeoff bid

Andrew Murphy by Andrew Murphy
January 29, 2025
in Other
Reading Time: 7 mins read
A A
3
27
SHARES
335
VIEWS
Share on FacebookShare on Twitter

Greenpeace warned expanding Heathrow would increase "noise, air pollution and climate emissions". ©AFP

London (AFP) – Britain’s Labour government on Wednesday backed building a third runway at London’s busy Heathrow airport, with finance minister Rachel Reeves saying it would help grow the economy while respecting climate goals. “I can confirm today that this government supports a third runway at Heathrow and is inviting proposals to be brought forward by the summer,” Reeves said in a speech, adding a new airstrip “would unlock growth”.

Related

BRICS nations to denounce Trump tariffs

Trump signs ‘big, beautiful’ bill on US Independence Day

France says ‘major issues’ remain despite brandy price accord with China

France praises China Cognac progress, warns of unresolved issues

Modi pushes further India-Africa cooperation on Ghana visit

Despite opposition from environmentalists, the London mayor, and some Labour MPs, Prime Minister Keir Starmer is determined to deliver major infrastructure projects to grow a UK economy that has struggled to take off since the party came to power in July. Writing in The Times newspaper, Starmer said the government would “kick down the barriers to building, clear out the regulatory weeds and allow a new era of British growth to bloom”.

Heathrow, Europe’s busiest airport by passenger numbers, welcomed a record 83.9 million travellers last year, with the global aviation sector having recovered from the turbulent Covid years. “A third runway and the infrastructure that comes with it would unlock billions of pounds of private money to stimulate the UK supply chain during construction,” Heathrow chief executive Thomas Woldbye said.

Following years of legal wrangling, Britain’s Supreme Court ruled at the end of 2020 that Heathrow could build a third runway, overturning a legal decision to block construction on environmental grounds. While the Conservative government at the time said building work could begin in 2022, the project has been delayed by further obstacles and upheaval created by the coronavirus pandemic. Building a new runway was priced at £14 billion a decade ago — a sum estimated to have soared to tens of billions of pounds (dollars) with the inflation since.

“We will work with a private sector to deliver the infrastructure that our country desperately needs,” Reeves added during her speech in Oxfordshire, northwest of London. Vowing to go “further and faster” to kickstart the economy, she also unveiled plans to deliver a Growth Corridor between the university cities of Oxford and Cambridge. The scheme providing improved transport links and affordable housing has the potential to be Europe’s Silicon Valley, the government said.

– Climate concerns –

Reeves said the government would “ensure that a third runway is delivered in line with our legal, environmental and climate objectives”. Energy Secretary Ed Miliband, who has previously opposed a third runway at Heathrow over environmental concerns, this week insisted that a new airstrip must not impact the UK government’s goal of reaching net zero carbon emissions by 2050.

London’s mayor Sadiq Khan said he remained “opposed to a new runway… because of the severe impact it will have on noise, air pollution, and meeting our climate change targets”. The Labour mayor added he was not convinced “that you can have hundreds of thousands of additional flights at Heathrow every year without a hugely damaging impact on our environment”.

Rosie Downes, head of campaigns at Friends of the Earth, said “allowing developers to bulldoze their way through crucial nature protections and safeguards will further diminish our seriously under-threat wildlife and natural environment”.

The government is shortly expected to back expansion at two other airports serving the capital — Gatwick and Luton — having recently approved upgrades to London’s Stansted and City airports.

Britain’s economy has stagnated in the almost seven months since the party ended 14 years of rule by the Conservatives in a landslide election victory. Opposition lawmakers and some analysts have blamed the lack of growth on a decision by Reeves in her inaugural budget to hike taxes.

© 2024 AFP

Tags: aviationeconomic growthinfrastructure
Share11Tweet7Share2Pin2Send
Previous Post

Asian markets track Wall St bounce as Fed decision looms

Next Post

Sony names new CEO in management reshuffle

Andrew Murphy

Andrew Murphy

Related Posts

Other

Stocks, dollar drop as tariff talk dominates

July 4, 2025
Other

As US stocks hit records, experts see the dollar falling further

July 4, 2025
Other

UN expert says firms ‘profiting’ from ‘genocide’ of Palestinians

July 4, 2025
Other

Hidden gem: Angola opens up to tourists in a pivot from oil

July 3, 2025
Other

Stocks climb as strong US jobs data soothes growth worries

July 4, 2025
Other

UK’s Starmer backs finance minister after tears in parliament

July 3, 2025
Next Post

Sony names new CEO in management reshuffle

DeepSeek's 'Sputnik moment' exposes holes in US chip curbs

Dutch chip giant ASML reports 2024 net profit dip but solid orders

Fears of scam centre kidnaps keep Chinese tourists on edge in Thailand

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Eight OPEC+ alliance members move toward output hike at meeting

July 4, 2025

Bombers and a ‘beautiful bill’ — Trump celebrates US Independence Day

July 4, 2025

BRICS nations to denounce Trump tariffs

July 4, 2025

Trump signs ‘big, beautiful’ bill on US Independence Day

July 4, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.