The Daily Telegraph says Heathrow's third runway will not be ready until 2050, according to Ryanair CEO Michael O'Leary. The paper quotes him as saying the airport will not get a new runway "in my lifetime and certainly not in [Reeves'] political lifetime",

U.K. Treasury chief Rachel Reeves says that the new Labour government is backing the construction of third runway at London’s Heathrow Airport.

British finance minister Rachel Reeves is expected to back the expansion of Heathrow Airport on Wednesday, turning to the country's most controversial infrastructure project in her hunt for economic growth.

Plans to expand London's other airports are already further along than Heathrow's and have in the past been viewed as an alternative to a third Heathrow runway. Work is set to start this year to expand capacity at Stansted's terminal. The government is due to make a decision on Gatwick airport by 27 February.

In a major speech, the country’s top finance official pushed for faster economic growth, and supported a long-debated expansion at the London airport.

Rachel Reeves has rejected criticism of the Government’s support to expand Heathrow Airport after she set out plans to remove barriers to growth in the hope of kickstarting the UK’s stuttering economy.

Rachel Reeves is set to announce a series of major infrastructure projects in a speech in which she is also expected to back plans for a third runway at Heathrow Airport. The chancellor will outline plans to create "Europe's Silicon Valley" between Oxford and Cambridge,