Heathrow has warned that investors could reassess their backing for the \u00a333bn infrastructure project if it does not receive the prime minister\u2019s support. Photograph: Jonathan Brady\/PAView image in fullscreenHeathrow has warned that investors could reassess their backing for the \u00a333bn infrastructure project if it does not receive the prime minister\u2019s support. Photograph: Jonathan Brady\/PAHealey backs pro-growth case for Heathrow third runway after Burnham ducks issueChancellor says government will study responses to public consultation, with airports being \u2018big part of jobs and growth\u2019John Healey has said there is a pro-growth case for going ahead with a third runway at Heathrow despite the prime minister declining to back it.Healey\u2019s predecessor as chancellor, Rachel Reeves, put approval of the long-planned runway at the heart of her \u201cgrowth speech\u201d last year, saying it would \u201cmake Britain the world\u2019s best-connected place to do business\u201d.However, since arriving in No 10 in July, Andy Burnham has ducked the issue of whether the runway should go ahead, suggesting it should be \u201ca matter for London and Londoners\u201d.A recent Sunday Times report suggested the prime minister had told the transport secretary, Heidi Alexander, that he was \u201cunconvinced\u201d by arguments for the megaproject.Asked for his views in Bangkok this week, Healey said the government would study responses to a public consultation, which recently closed. He appeared to strike a markedly more positive note than Burnham, however.\u201cI think in recent decades, and this is true in Heathrow and airports right across the UK, that they have been a big part of jobs and growth.<\/p>\n
And the case for a third runway at Heathrow has always been a case for growth,\u201d he said.Healey has insisted economic growth is his and Burnham\u2019s \u201cnumber one mission\u201d in government.Heathrow\u2019s chief executive, Thomas Woldbye, has warned that investors could reassess their backing for the \u00a333bn infrastructure project if it does not receive the prime minister\u2019s support. \u201cOur shareholders would like to do this,\u201d he said earlier this week. \u201cThey do think that things are taking a long time, and so far they have decided to be OK with that \u2026\u2009But of course we cannot wait for ever.\u201dThe airport\u2019s owners include Qatar\u2019s investment authority; the French private equity firm Ardian; Saudi Arabia\u2019s Public Investment Fund and Singapore\u2019s sovereign wealth fund, GIC. They are expected to decide in the coming months whether to apply for formal planning permission.Healey voted in favour of the third runway when the question was put to the House of Commons in 2018.skip past newsletter promotionafter newsletter promotionThe chancellor was in Bangkok to attend the International Monetary Fund annual meetings but has returned to London to put the finishing touches to his 28 October budget.The UK was praised by the IMF this week for taking action to cut its deficit, while other large economies have opted not to do so. The IMF\u2019s managing director, Kristalina Georgieva, urged Healey to \u201cstay the course\u201d in his budget.On Thursday, official figures showed the UK economy unexpectedly continued to grow in August.Explore more on these topicsHeathrow third runwayHeathrow airportAirline industryJohn HealeyAndy BurnhamAir transportTransportnewsShareReuse this content<\/p>\n","protected":false},"excerpt":{"rendered":"
Heathrow has warned that investors could reassess their backing for the \u00a333bn infrastructure project if it does not receive the prime minister\u2019s support. Photograph: Jonathan Brady\/PAView image in fullscreenHeathrow has warned that investors could reassess\u2026<\/p>\n","protected":false},"author":1,"featured_media":28361,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-28360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/demo.tcjhomeaccents.com\/wp\/wp-json\/wp\/v2\/posts\/28360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/demo.tcjhomeaccents.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/demo.tcjhomeaccents.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/demo.tcjhomeaccents.com\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/demo.tcjhomeaccents.com\/wp\/wp-json\/wp\/v2\/comments?post=28360"}],"version-history":[{"count":0,"href":"https:\/\/demo.tcjhomeaccents.com\/wp\/wp-json\/wp\/v2\/posts\/28360\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/demo.tcjhomeaccents.com\/wp\/wp-json\/wp\/v2\/media\/28361"}],"wp:attachment":[{"href":"https:\/\/demo.tcjhomeaccents.com\/wp\/wp-json\/wp\/v2\/media?parent=28360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/demo.tcjhomeaccents.com\/wp\/wp-json\/wp\/v2\/categories?post=28360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/demo.tcjhomeaccents.com\/wp\/wp-json\/wp\/v2\/tags?post=28360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}