(5 days, 7 hours ago)
Commons ChamberThe hon. Gentleman could have asked that question to any Chancellor at any time in the past few decades, and no Chancellor ahead of a Budget would have commented on speculation or ruled out measures. I will set out the decisions I take before the House on 28 October, and I look forward to him being there on that day.
The former Chancellor invested a significant amount of political capital into driving forward the white elephant project of building a third runway at Heathrow on the basis that it would deliver economic growth, but the Government’s appraisal report states that the net present value of expansion is between minus £23.4 billion and minus £62.5 billion. Will this Chancellor put an end to this absurd proposal?
After years of delay, indecision and often vexatious challenge, we have given the go-ahead to this project quite simply because the economic case stacks up and will help to bring growth.