As UK economics editor, my life for the last week has felt a lot like surrealist movie Being John Malkovich — but with Rachel Reeves in the central role.
Rachel Reeves sends message to Sadiq Khan as London mayor opposes Heathrow expansionSource: BBC Radio 4
Rachel Reeves grilled on past opposition to airport expansion over environmental concernsSource: BBC Breakfast
Rachel Reeves has told London Mayor Sadiq Khan she is certain to defeat his bid to sabotage her Heathrow expansion scheme. Asked if Mr Khan was able to stop to her third runway plan, the Chancellor replied: ‘No.’ The capital’s Labour mayor could mount a legal challenge, she said, but he would not prevail in the end.
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Heathrow Airport’s third runway can be built in the next decade, Rachel Reeves has said, as she aims to boost growth amid the UK’s gloomy economic outlook. The Chancellor said she wanted to see the expansion completed by 2035,
After six months of talking down the economy and warning of tough times ahead, the UK chancellor Rachel Reeves has changed her tune. She is now much more optimistic about Britain’s economic prospects and has announced a raft of measures including major pension reforms designed to unlock cash to boost growth and productivity.
For years the biggest enemy in the economic life of the UK was short-termism — a term hurled around like a rude word, often prefixed with “chronic” for good measure. But this morning as I listened to the chancellor speak from a Siemens factory in Oxfordshire,
Labour’s ambitions for a more pro-growth, pro-business agenda mark a positive shift, at least in tone. But actual, visible, tangible growth depends on execution. This in turn depends on private sector money, overcoming bureaucratic hurdles, and cutting the Brexit red-tape that continues to hamper trade with the EU.
Ryanair has announced seven new London-Stansted routes but wants UK airport tax scrapped saying it is stifling growth in the UK economy.
Chancellor stopped short of confirming it will be on East West Rail, though said customers could reach Cambridge in 'under 30 minutes'.