British Airways Boeing 787-8 witnessed the Dreamliner plane that was flying on the final approach to the roofs of the Mertel Street to land at London Heathrow Airport in the United Kingdom.
Norfuto Norfuto Gety pictures
UK Finance Minister Rachel Reeves revealed plans to provide a shot in the arm of the country’s sick economy, indicating that she supports the long -awaited expansion of one of the most busy airports in the world.
In a major growth speech in Oxfordshire, Reeves said that a third listed at Heathro Airport in London was “strongly wanted”, adding that it would enhance investment, support economic expansion, and may create more than 100,000 jobs.
Quoting research from the border consulting of the economy, Reeves suggested that a third runway in Heathrow could increase the gross domestic product by 0.43 % by 2050, with many of those moved to the areas outside London and southeast of the country.
Her comments came amid a series of project ads to reform the UK planning system, including redevelopment Manchester UnitedFootball field in northern England and investing in the growth corridor in Oxford-Gamperbridge.
“The low growth is not our destiny. But growth will not come without a fight,” Reeves said. I went back to go to “further and faster” to achieve what he called it “The first priority” for the start of the UK economy.
The ruling Labor Party in the legs has repeatedly pledged to give priority to economic growth, with Reeves last week Tell journalists in World Economic Forum In Davos, Switzerland, this task is more important to the government than its goal of net emissions.
Hitro third runway supporters say it is better to link the United Kingdom with long destinations, trade promotion, jobs, and economic growth.
Meanwhile, the ecosystems groups sharply criticized the expansion plans in the most busy axes in Europe, saying that economic growth can be achieved without undermining the country Climate targets.
Reeves Safar described as “the industrial opportunity in the twenty -first century”, saying that there is no exchange between economic growth and energy transmission.
The Treasury is also said to be a second runway in London Gatwic Airport And increase the ability to Luton Airport.
Britain’s economic output Grow up In November of last year, although the expansion was Weaken Only 0.1 %.
A a report Last year, it found that the net economy in the United Kingdom, which extends over the sectors, including renewable energy sources and green financing, expanded by 9 % in 2023-in a sharp contradiction with the low growth seen in the wider economy.
“The green economy grows rapidly, and with greater government support, it may expand faster. The head of the campaigns in the Friends of the Earth said in a statement.
“No easy ways” for growth
Rachel Reeves, UK’s Finance Minister, speaking about the Squawk Fund in CNBC outside the World Economic Forum in Davos, Switzerland on January 22, 2025.
Jerry Miller CNBC
The Minister of Finance has been under constant pressure since the disclosure of spending plans and taxes in the treasury last fall, which focused on increasing the tax burden on British companies. The package has brought widespread criticism from industry leaders on influencing investment, jobs and economic growth.
Reeves defended that difficult measures were necessary to achieve economic stability and that there is “no alternative.” She also said that the tax increase on companies will serve as one time, telling the British Industry Union last November that it “does not return more borrowing or taxes more.”
Gareth Davis, shadow finance minister and conservative legislators, told CNBC on Wednesday that the opposition party supported the growth agenda in support of growth, but the tax advertisements in the autumn budget have harmed the confidence of work and investment.
“We will support any pro-growth organization, and this is crucial for any economic growth in our country-but you cannot get this at the same time like anti-growth tax policies, which this government has provided since then has reached power, especially In the budget, “Squawk Box Europe” said from CNBC.
“But the broad principle is that we want more infrastructure in our economy and country, and that this will enhance growth, so let’s see what the ads are today,” he said before Reeves speech.
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