Govt backs Heathrow expansion to boost economic growth
Video Credit: ODN - Duration: 02:29s - Published
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.
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Foreign Secretary David Lammy announces new sanctions to target the finances of people smuggling gangs. The planned measures are intended to disrupt the flow of money and make it harder for ringleaders to profit from the deadly trade. Lammy says, "together we can strengthen borders, smash the gangs and get those with no right to be here to return to their countries".
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As the deadline to prevent a government shutdown rapidly approaches, former President Donald Trump has dismissed a bipartisan agreement between Republicans and Democrats. Trump pushed for a controversial new deal that includes a three-month government funding extension and a two-year suspension of the debt ceiling, a proposal that was swiftly rejected by the House of Representatives. With crucial public services and federal workers at risk, Congress must act fast to avoid a shutdown. Will lawmakers come together in time to avert this crisis just days before Christmas?
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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
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
Rarely has a speech been so heavily trailed in the media, with so many of the details - from the third runway at Heathrow to the revived Oxford-Cambridge.. Sky News
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
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
Guests arriving for the funeral of former Deputy Prime Minister Lord John Prescott. Arrivals include: Sir Lindsay Hoyle, Angela Rayner, John Healey, Rachel Reeves, Sir Keir Starmer, Gordon Brown, Sir Sadiq Khan, David Lammy, Yvette Cooper and Ed Balls, and Tony Blair. Arrivals followed by the coffin being carried into the church.
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Footage of Chancellor Rachel Reeves as she meets with business leaders at a business networking reception at Siemens Healthineers in Oxford and tours the Siemens Healthineers medical facility after her speech on economic growth. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Ryanair boss Michael O’Leary claimed Rachel Reeves, who he branded "Rachel Rubbish", “hasn’t a clue” about how to generate growth in aviation. 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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Former Prime Ministers Gordon Brown and Tony Blair were among those who spoke at a touching funeral service for former Deputy Prime Minister Lord John Prescott. There were many recognisable faces in attendance at Hull Minster. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The shadow financial secretary has dismissed comparisons between Margaret Thatcher and Sir Keir Starmer, who likened his government to the ex-prime minister's. Criticising the Labour government's..
Government cabinet members arrive for the weekly cabinet meeting at 10 Downing Street amidst questions of Heathrow expansion, economic growth and extremism laws reform. Report by Faragt. Like us on..
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