The Independent is committed to thorough reporting on vital issues like reproductive rights, climate change, and Big Tech. The importance of accessible quality journalism is emphasized, with ongoing developments surrounding the UK economy and infrastructure, particularly the newly approved third runway at Heathrow Airport. Chancellor Rachel Reeves, addressing key economic growth initiatives, confirmed that the proposal has received support from Labour after years of discussion, promising environmental considerations and private funding to manage transport costs. The project aims to align with sustainability goals while addressing pressing financial needs.
Rachel Reeves delivered a landmark speech today, promising economic growth across all regions of the UK. Speaking in Oxfordshire, the chancellor pledged a slate of new development projects including a third runway at Heathrow Airport.
Discussions about the expansion of London's busiest airport date back to 2003, when its owners first sought approval for the third runway. Over 20 years later, Labour has got behind the project.
The chancellor promised to take forward a full assessment through the airport national policy statement, designed to ensure that the project is value for money and our clear expectation is that any associated service transport costs will be financed through private funding.
It will ensure that a third runway is delivered in line with our legal, environmental and climate objectives.
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