Rachel Reeves, the UK’s finance chief, has announced plans to revitalize the struggling economy, which includes advocating for a third runway at Heathrow Airport. This initiative is crucial for enhancing trade and investment as Heathrow serves as the nation’s only hub airport. With the airport expansion debate lingering for over 20 years, Ms. Reeves stressed the urgency of proceeding. She acknowledged that her initial budget did shake business confidence but remains optimistic that growth can be achieved through bold reforms and immediate actions, contrasting her previously cautious stance.
An additional runway is badly needed to increase trade and investment, Ms. Reeves said in a speech to business executives.
Low growth is not our destiny, she said on Wednesday. But growth will not come without a fight.
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