Chancellor announces backing for third Heathrow runway

Chancellor: Govt is ready to support creative industries

The chancellor says the government is ready to support creative industries, after announcing film studios in England are to receive business rates relief for the next nine years. On a visit to the Warner Bros Studio in Leavesden, Rachel Reeves adds "that's something that this government wants to get behind to back growth and back British workers". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Govt 'committed' to raising defence spending to 2.5% of GDP

Rachel Reeves says she is "absolutely committed" to spending 2.5% of GDP on defence and will "set out a pathway" to do so "in the proper way". The chancellor adds, "a strong economy depends on strong defences". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Tories: We're not to blame for rise in inflation

The shadow chancellor of the exchequer has defended the previous government for the rise in inflation, instead blaming Chancellor Rachel Reeves' budget and other government decisions, including increased spending and borrowing. Mel Stride's comments come after government ministers pointed blame at the previous Conservative government after new data from the Office for National Statistics estimated that the rate of UK inflation rose from 2.5% in December to 3% in. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Tories: We should be worried about 'disappointing' inflation

The Conservatives have said that the "disappointing" rise in inflation is a cause of worry. Kevin Hollinrake, Shadow Levelling Up Secretary, said the 0.5% rise in inflation from December to January was a direct result of Rachel Reeves' budget. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Miliband insists Heathrow expansion would meet carbon budget

The energy secretary has stressed that a third runway at Heathrow Airport would be delivered in line with the government's plans on reducing carbon emissions. Ed Miliband said: "This government has shown global leadership on the climate crisis since we came to power" and that "any decision on aviation expansion will have to meet our carbon budgets and local environmental standards". Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Tories: We need something earlier than Heathrow expansion

The shadow chancellor has argued that Rachel Reeves's plan to expand Heathrow Airport doesn't do enough to tackle economic issues affecting people now, claiming it will only come into effect in the next 10-30 years, if at all. Mel Stride did, however, assert his support for Reeves's planned Heathrow expansion, despite citing Labour divisions about the issue including Mayor of London Sir Sadiq Khan's objections. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Reeves: This government is going to crack on and deliver

Rachel Reeves has asserted that she is "confident" that her plans for Heathrow expansion will find the right balance between sustainable aviation and economic growth. This comes a day after the chancellor's major speech outlining plans for economic growth and initiatives, including a third runway at Heathrow Airport and investments into the Oxford-Cambridge 'Growth Corridor'. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Mayor of London does not support Heathrow expansion

Mayor of London Sir Sadiq Khan says he does not support a third runway at Heathrow Airport, siting noise pollution, air quality and the impact on climate change targets. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Chancellor unveils 'Oxford-Cambridge corridor' plans

Along with an expansion of Heathrow Airport, the chancellor announced the government’s backing for housing, transport and other investment in the Oxford-Cambridge corridor, which she said could become “Europe’s Silicon Valley” and add £78 billion to the UK’s economy by 2035. Rachel Reeves also declared government support for the redevelopment of the area around Manchester United’s Old Trafford stadium. Along with these investments, Reeves announced other key points such as a £65 million investment by the National Wealth Fund in expanding electric vehicle charging infrastructure. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn