The U.K. government is backing the construction of a third runway at London’s Heathrow Airport, Treasury chief Rachel Reeves said Wednesday in a speech designed to signal to the business world that the new Labour government is serious about turning around the economy.

The UK’s busiest airport will get a third runway and a new terminal after confirmation by Chancellor Rachel Reeves today. Airport bosses have been pushing for the expansion for years, arguing that Heathrow’s capacity is full. They said the £14 billion expansion is needed to add 260,000 flights.

What could a third runway at Heathrow mean for tourism and the climate? Whatever the outcome, it’s still a long way away from happening.

Heathrow has long argued the expansion is needed to help it keep up with rival airports in Europe, which handle less passengers with more runways, with the airport's boss saying a "clear steer" was needed from the government by the end of 2025.

LONDON—The UK government has thrown its weight behind the much-awaited third runway for London Heathrow airport. In a major speech Jan. 29 outlining the need for economic growth, UK finance minister Rachel Reeves backed the proposal and said the government was inviting proposals from the airport by the summer season.

Britain's Labour government will back the construction of a third runway at London's Heathrow Airport to boost trade and economic growth, finance minister Rachel Reeves said on Wednesday.

Chancellor Rachel Reeves has backed a third runway at London's Heathrow Airport as part of a fresh plan to get the UK's sluggish economy growing. She said Heathrow expansion, which has been delayed for decades over environmental concerns,

U.K. Treasury chief Rachel Reeves said Wednesday that the new Labour government is backing the construction of third runway at London’s Heathrow Airport. Reeves said in a speech that the construction of another runway at the U.

Britain's Labour government on Wednesday backed a plan for a third runway at London's busy Heathrow airport, with finance minister Rachel Reeves saying it would help grow the economy while