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Heathrow Airport’s third runway will be encouraged by Chancellor Rachel Reeves in an announcement on Wednesday in a move that will be seen as the initial stage of the process. It will coincide with revelations about wider growth plans to improve the economy. Although there will not be any public funds for the project announced on Wednesday, the major speech is likely to anger campaigners, including within Reeves’ Labour Party, who have been opposing the third runway for years because of environmental reasons.
Prime Minister Sir Keir Starmer said in an article in The Times that the government’s broader plans would “kick down the barriers to building, clear out the regulatory weeds and allow a new era of British growth to bloom”. The Heathrow announcement follows suggestions that Labour will support the controversial airport expansion. Reeves declined to comment on speculation, but suggested on Sunday that “sustainable aviation and economic growth go hand in hand”.
Heathrow has previously argued that the expansion is vital for it to compete with rival European airports, some of which have more runways but handle fewer passengers. Although Wednesday’s announcement is anticipated, there is still uncertainty surrounding how works supporting the expansion will be financed and what fees the Civil Aviation Authority will allow Heathrow to pass the early development expenses on to airlines.
Other major focus areas of Reeves’ speech on Wednesday will be on expanding the area between Oxford and Cambridge, renaming it as the “Silicon Valley of Europe”, and reviewing the so-called ‘Green Book’ rules, which have historically directed infrastructure expenditure to the fast-growing south. The announcement, together with wider growth strategies, is expected to help the UK’s economic recovery and pave the way for significant new infrastructure projects
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