Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

World News

Europe’s busiest airport is set to get bigger, as Britain green-lights tortured Heathrow expansion project

by January 29, 2025
January 29, 2025
Europe’s busiest airport is set to get bigger, as Britain green-lights tortured Heathrow expansion project

Britain’s government has backed a tortured effort to build a third runway at Heathrow, Europe’s busiest airport, throwing its weight behind a decades-old proposal that has been beset by political, legal and environmental challenges.

The UK’s Chancellor of the Exchequer (finance minister), Rachel Reeves, gave a green light to the ambitious plan and a swathe of other infrastructure projects in a major speech on Wednesday, in a push for economic growth.

The announcement is a major moment for one of the world’s most expensive and controversial aviation projects. Since 2003, Heathrow has said its terminals and runways are running near capacity, and that a £14 billion ($17.3bn) expansion is needed to keep up with the pace of tourism and business travel.

But environmental campaigners have bitterly resisted the plans, arguing it would jeopardize Britain’s net zero commitments.

Reeves said on Wednesday that a third runway would “make Britain’s the world’s best-connected place to do business,” and insisted that ministers “cannot duck the decision any longer.”

A third runway is “badly needed,” she argued, adding: “There are emerging markets and new cities around the world that we aren’t connected to because there aren’t the slots at Heathrow – or indeed any other airport – to fly to.” Heathrow said it served 83.9 million passengers last year, its busiest year on record.

It could still be years until work starts on a new runway; the government will assess proposals from this summer, and the final plan will likely require a parliamentary vote and could see legal challenges. The pre-pandemic plan for a third runway was blocked by a court on environmental grounds in 2020, before the Supreme Court overturned that decision.

The UK has made a legally-binding commitment to reach net zero (where greenhouse gas emissions equal emissions removed from the atmosphere) by 2050. Non-profit organization Transport & Environment said Wednesday’s announcement was “dystopian,” insisting major airports like Heathrow should reduce flight numbers and focus on becoming hubs for sustainable aviation fuel.

Heathrow expansion was the centerpiece of a range of announcements made by Reeves on Wednesday. Reeves and Prime Minister Keir Starmer have pledged to unpick the country’s labyrinthine planning laws, and Reeves took direct aim at environmental requirements that have stalled large-scale construction efforts.

Reeves said she would “stop blockers getting in the way of development” and reduce environmental requirements placed on developers if they pay into a centralized nature restoration fund, “so they can focus on getting things built, and stop worrying about the bats and the newts.”

“I have been genuinely shocked about how slow our planning system is,” Reeves said. “It’s ridiculous.”

Other plans backed on Wednesday include the building-up of the so-called Oxford-Cambridge Arc – the corridor of land between two of the world’s leading universities – which Reeves pitched as “Europe’s Silicon Valley.”

Britain has been plagued by low economic growth and a number of costly, high-profile projects, like a new high-speed rail line, have been announced, challenged, delayed and then shelved in recent decades.

Starmer’s Labour government, which came to power in July, has made the reversal of those trends its priority. But even those lofty aspirations succeed, the government must also tackle the short and medium-term grievances of a population dismayed by crumbling public services, comparatively low wages and crises in housing supply, migration and the cost of living.

This post appeared first on cnn.com
0
FacebookTwitterGoogle +Pinterest
previous post
Incoming UK ambassador walks back comments on ‘danger’ of Trump: ‘Ill-judged and wrong’
next post
Starbucks shakes up its leadership again, adding two former Taco Bell executives

You may also like

Bangladesh’s ‘Gen Z revolution’ toppled a veteran leader....

August 7, 2024

Myanmar’s military government announces temporary ceasefire to aid...

April 2, 2025

12 people found dead at Georgia ski resort

December 16, 2024

Russia sentences Australian man to 13 years in...

May 17, 2025

Trump’s foreign policy frustrations are piling up

May 31, 2025

Israeli strike kills Al Jazeera photojournalist on one...

December 16, 2024

Chaos erupts in Romania after far-right frontrunner banned...

March 10, 2025

After antisemitic violence rocked Amsterdam, Paris braces for...

November 14, 2024

Drugmakers at fault over toxic cough syrup, Indonesia...

August 23, 2024

Gloom, nervousness and joy: What Trump’s victory means...

November 6, 2024

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • Senate GOP critics say Noem ‘needs to go’ amid fallout from Minneapolis shootings

      January 28, 2026
    • Senate Republicans tee up key shutdown test vote as Democrats dig in on DHS funding

      January 28, 2026
    • Minnesota fraud case is ‘canary in the coal mine’ for government systems — including elections, lawyer warns

      January 28, 2026
    • Trump hails Rubio as diplomatic mentor as secretary of state’s power grows

      January 27, 2026
    • Trump admin marks International Holocaust Remembrance Day honoring millions murdered by Nazi regime

      January 27, 2026
    • China slams Trump administration over US sanctions on Cuba

      January 27, 2026

    Categories

    • Business (842)
    • Investing (661)
    • Politics (7,220)
    • World News (3,213)

    Disclaimer: WhaleLargeCapital.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2026 whalelargecapital.com | All Rights Reserved