Chancellor John Healey said that adding a third runway at Heathrow Airport could boost economic growth. He spoke at the International Monetary Fund (IMF) meetings in Bangkok. Healey pointed out that airport expansion has helped create jobs and drive economic growth in the UK in the past.
Key Details
Healey's comments come as debates continue over the expansion project. This project has faced strong opposition from local residents, politicians, and climate activists. Prime Minister Andy Burnham has shown doubt about the expansion. He believes it is mainly a decision for London residents. He told the BBC that it is important to listen to those affected by the project before making a final decision.
The talks about Heathrow's third runway follow a warning from the airport's chief executive. He called the choice not to expand a "huge missed opportunity." Last year, Healey's predecessor, Rachel Reeves, said the expansion was key to showing that Britain is open for business. The Department for Transport is now reviewing public feedback on its National Policy Statement. This statement will guide future decisions about the runway. Healey mentioned that more announcements will come once the review is done.
Background
The airport's ownership group has stated that they need clear support from Burnham before the end of the year to move forward with the project.
The possible expansion of Heathrow could affect construction and aviation sectors. It may also impact local economies that rely on airport activity. Investors will be looking for the government’s decision on the runway, which could influence infrastructure investment in the UK.
Based on reporting by: bbc.co.uk