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

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

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.

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.

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.

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,

Britain's Labour government will back the construction of a third runway at London's Heathrow Airport to boost trade and economic growth, finance minister Rachel Reeves said on Wednesday. Successive governments have dithered over whether to expand the site to the west of London,

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.