UK Approves New Heathrow Runway

Britain on Tuesday gave Heathrow Airport the green light to build a new $22 billion (18 billion pounds) runway, ending 25 years of indecision and vowing to boost global trade links following the vote to leave the European Union.

Heathrow, Europe’s busiest airport, had been battling with its smaller rival Gatwick for the right to expand, after successive governments failed to decide where to build the first new runway around London in 70 years.

“After decades of delay we are showing that we will take the big decisions when they’re the right decisions for Britain,” Prime Minister Theresa May told London’s Evening Standard newspaper.

Reuters

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.