A THIRD runway WILL be built at Heathrow Airport, Rachel Reeves announced today.
The Chancellor vowed to make Britain "the world's best place to do business" as she stared down Net Zero zealots and gave the greenlight to expansion.
At a major speech in Oxfordshire, Ms Reeves said: "Heathrow is at the heart of the UK's openness as a country.
"It connects us to emerging markets all over the world, opening up new opportunities for growth.
"But for decades, its growth has been constrained successive studies have shown that this really matters for our economy."
Ms Reeves claimed that a third runway would increase potential GDP growth by 0.4 per cent by 2050.
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She insisted over half of that boost would transfer to areas outside of London and the Southeast and would deliver more trade opportunities.
The Chancellor added: "I have always been clear that a third runway at Heathrow would unlock further growth, boost investment, increase exports and make the UK more open.
"Heathrow themselves are clear that their proposal for expansion will meet strict rules on noise, air quality and carbon emissions, and we are already making great strides in transitioning to cleaner and greener aviation."
In Oxfordshire the Chancellor said: “Low growth is not our destiny but growth will not come without a fight.
“Britain’s potential has been held back for too long. We have accepted low expectations, stagnation and the risk of decline. We can do so much better.
“We are at the forefront of some of the most exciting developments in the world like artificial intelligence and life sciences. We have great companies, delivering jobs and investment in Britain.
“And we have fundamental strengths — in our history, our language, and our legal system — to compete in a global economy.”
Yesterday The Sun revealed Manchester United’s plans for a 100,000-seater mega-stadium will “generate growth” to the tune of £7billion every year.
Ms Reeves gave the residential, transport and entertainment development at Old Trafford the green light as part of her speech today.
Newcastle United and Aston Villa are also keen for government support for stadium developments.
And the Chancellor backed a new rail link from Oxford to Cambridge, which will add an estimated £78billion to the economy over the next decade.
She pledged to make the "Oxford-Cambridge growth corridor", the UK's very own "Silicon Valley".
New towns with schools and 4,500 additional homes will built in the area to attract artificial intelligence and life sciences talent from across the globe.
And she promised to take on Britain's over-inflated welfare bill, which has continued ballooning as more and more people claim health and disability benefits.
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Ms Reeves also announced a £65m investment for Connected Curb, to expand their electric vehicle charging network across the UK.
And she revealed a £28m equity investment in Cornish metals, providing the raw materials to be used in solar panels.