Switch off the editor’s digest free of charge
Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter.
Rachel Reeves will call skeptical MPs on Monday to support their plans to strengthen the British economy, including an extremely controversial proposal to expand the Heathrow Airport.
The Chancellor is criticized by some in her party because she is supposed to be facing businesses about consumers and support a third runway at the Great Britain’s busiest airport, and fear that they could reach the government’s environmental goals.
But Reeves Will try to face your critics if she hits the parliamentary Labor party on Monday and tells the MPs that she cannot finance the improvements of the desired public service without growth.
Reeves, who got to know investors at the World Economic Forum this week, will also spend the next two days to meet the managing directors to convince them that they have a credible growth strategy.
Many managing directors fear that their policy has contributed to a stagnating economy.
On Sunday, Reeves actually confirmed that she would support the construction of a third runway in Heathrow if she kept “growth” speech on Wednesday and insisted that the aviation industry would become more environmentally friendly.
When asked about claims by Mayor of London Sir Sadiq Khan that the guideline Clean Air and Net would achieve zero goals, Reeves said: “A lot has changed in terms of aviation.”
She told the BBC of Laura Kuenssberg that more sustainable aviation feet were available and that “a third runway will mean that flights in Heathrow can land instead of circle London”.
Reeves said that she has already agreed to expand the London City and Stansted airports, and it is also expected on Wednesday that she is approved by the expansion in Gatwick and Luton, which represents an enormous expansion of the airport’s capacity in London.
A third runway was proposed for the first time by the last Labor government in 2003 for economic reasons, but the subsequent conservative administrations tried the system and failed not to advance the system.
Khan and environmental groups have long been shown against the British binding destination in Great Britain in order to achieve Netto -Carbon emissions. But this week said the Minister of Energy Ed Miliband, who resigned about the problem during the Gordon Brown government, said He would not leave his role If the third runway was approved.
Paul McGuinness, chairman of the No Third Runway Coalition, said: “The extensions at other London airports undermine the case for Heathrow’s uniquely complicated and costly third runway, which makes it even more risky, if not inconsistent proposal. “
The members of the left labor also fear that Reeves tends the regulatory landscape in favor of large business and from consumers, one said: “It throws herself on large companies.”
But the Chancellor insisted on Sunday that Great Britain would have inappropriate growth without radical changes and that the government would not achieve its target of 1.5 million new houses in this parliament.
“Too often the answer to the new development” No “was. But that is the attitude that stunted economic growth and made the workers worse, ”she said. “I don’t think low growth is our fate.”
Reeves announced new plans to accelerate the construction of new houses near Pendler stations as part of the reforms as part of a new draft law for planning and infrastructure.
The Ministry of Finance said that the new rules would ensure that the failure response is “yes” if developers submit an application for acceptable types of systems in key areas such as the means of transport for commuters.
Reeves also supported a regeneration project in Old Trafford in Manchester, which was used by the mayor of Greater Manchester, Andy Burnham.
The Ministry of Finance said “new residential, commercial and public space would see as a shining example of the courageous pro-development model that will promote growth in the entire region”.
Manchester United Have plans To rebuild or renovate Old Trafford, from which the city leaders could claim to promote one of the “largest projects in the urban regeneration of times in Great Britain”.
The Premier League Club will decide until the end of this season whether it will build a new property of 100,000 capacities and create and expand the country’s largest stadium.
Burnham called the proposal “The biggest opportunity to regenerate the city” since the 2012 Olympics in London.
