In a major growth speech in Oxfordshire, Reeves said that a third runway at London's Heathrow Airport was "badly needed," adding it would boost investment, support economic expans

U.K. Treasury chief Rachel Reeves says that the new Labour government is backing the construction of third runway at London’s Heathrow Airport.

Declaring that “growth will not come without a fight”, she said that the government would back airport expansion and offered more clues about plans to unshackle housebuilding. The Heathrow decision is the surest sign yet of the government prioritising growth,

It is the rich and the corporations who will take the lion’s share of the benefits from Labour’s and all airport expansions, while the poorest around the world pay the costs.

Plans to expand London's other airports are already further along than Heathrow's and have in the past been viewed as an alternative to a third Heathrow runway. Work is set to start this year to expand capacity at Stansted's terminal. The government is due to make a decision on Gatwick airport by 27 February.

British finance minister Rachel Reeves is expected to back the expansion of Heathrow Airport on Wednesday, turning to the country's most controversial infrastructure project in her hunt for economic growth.

U.K. Treasury chief Rachel Reeves said Wednesday that the new Labour government is backing the construction of third runway at London’s Heathrow Airport. Reeves said in a speech that the construction of another runway at the U.

Chancellor Rachel Reeves has backed a third runway at London's Heathrow Airport as part of a fresh plan to get the UK's sluggish economy growing. She said Heathrow expansion, which has been delayed for decades over environmental concerns,