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British Airways Boeing 787-8 Dreamliner aircraft saw flying in the final approach on the roofs of Myrtle Avenue houses to land at London Heathrow LHR airport in the United Kingdom.
Nurphoto | Nurphoto | Getty images
The United Kingdom Finance Minister Rachel Reeves presented plans to deliver a shot in the arm for the country’s sick economy, indicating that it supports the expansion of one of the most busy airports in the world.
In an important growth speech in Oxfordshire, Reeves said that a third track at the London Heathrow airport was “very necessary”, and added that it would boost the investment, support economic expansion and could create up to 100,000 jobs.
Reeves said that “low growth is not our destination. But growth will not come without fighting.” She promised to go “more and faster” to comply with what he called her “Priority number one” to start the United Kingdom economy.
The Labor Party of the Labor Center of Guard Center has repeatedly committed to prioritize economic growth, with Reeves last week tell the reporters to the World Economic Forum In Davos, Switzerland, that this mission is more important for the Government than its net objective of zero emissions.
The supporters of a third track in Heathrow say that it would better connect the United Kingdom with long -distance destinations, boost trade, jobs and, ultimately, economic growth.
Meanwhile, environmental campaign groups have abruptly criticized expansion plans in the most busy center in Europe, saying that economic growth can be achieved without undermining the Climate objectives.
Reeves described Net Zero as the “industrial opportunity of the 21st century,” saying that there is no compensation between economic growth and energy transition.
According to reports, the treasure has also been considering a second track in London Gatwick airport and greater capacity in Luton airport.
The economic production of Great Britain He returned to growth in November last year, although the expansion was weaker than expected with only 0.1%.
TO report Published last year found that the Net Zero Economy of the United Kingdom, which covers sectors, including renewable energies and green finances, expanded in 9% in 2023, in marked contrast with the low growth seen in the economy in general.
“The green economy is growing fast, and with greater government support it could expand even faster. It does not have to be a matter of growth or environment when we can have both, especially when the green economy exceed other sectors,” Rosie Downes, chief of campaigns at Friends of the Earth, said in a statement.
‘There are no easy routes’ for growth
Rachel Reeves, Minister of Finance of the United Kingdom, speaking in the CNBC square box outside the World Economic Forum in Davos, Switzerland, on January 22, 2025.
Gerry Miller | CNBC
The Minister of Finance has been subjected to a sustained pressure since he presented the expenses and tax plans of the Treasury the past fall, which focused on increasing the fiscal burden for British companies. The package has generated generalized criticisms of industry leaders on the impact on investment, jobs and economic growth.
Reeves has defended that difficult measures were necessary to achieve economic stability and that “there was no alternative.” He has also said that tax increases in companies would be only, telling the Confederation of the British industry last November that “did not return with more loans or more taxes.”
Gareth Davies, Minister of Finance of the Shadows and legislator of the conservatives, told CNBC on Wednesday that the opposition party supported the agenda in favor of the growth, but that the tax ads in the autumn budget had damaged the confidence commercial and dissipated investment.
“We would support any deregulation pro-reception, which is absolutely critical for any economic growth in our country, but you cannot have that at the same time that tax policies against growth, which is what this labor government has introduced since it reached the Power, and particularly in the budget, “he told” Europe Squawk Box “of CNBC.
“But the broad principle is that we want more infrastructure in our economy and our country, and that this will boost growth, so we see what the ads today are,” he said, before Reeves’s speech.
