Skip to content
Search

Latest Stories

May to announce airport expansion plans next week

BRITAIN will make a long-awaited decision next week on where to allow airport expansion near London, Prime Minister Theresa May’s spokeswoman said today (18), with ministers who oppose it given the rare opportunity to publicly voice their dissent.

The decision will be subject to public consultation before it is put to parliament for its backing late 2017 or early 2018.


The government will either support plans for a new runway west of London at Heathrow, the busiest airport in both Britain and Europe, or at Gatwick to the south. The decision has been debated for more than 25 years.

The cabinet discussed the options for more than an hour today, May’s spokeswoman said, but the decision will be made by a smaller group of ministers.

“It was not for cabinet to take a decision today. That will be taken by the cabinet sub-committee on airports, which is due to meet next week and will select a preferred option,” the spokeswoman told reporters.

“There was a strong consensus about the importance of this decision for the country, the need to get on and make a decision ... and what it would mean for the UK economy and the nation that we want to be as we leave the European Union.”

The sub-committee, chaired by May, does not include key opponents of Heathrow expansion such as foreign secretary Boris Johnson and education secretary Justine Greening.

Media reports have said it will meet next Tuesday (October 25), but the spokeswoman declined to specify the date.

In 2015 a three-year independent inquiry set up by the government recommended building a new runway at Heathrow, subject to a list of conditions over night flights, noise and air quality, and it is seen as the front-runner.

Heathrow said in a statement the process was in line with its expectations, and that if given the go-ahead it would apply for planning approval following the parliamentary vote.

In a break with normal procedure that ministers must support the government position, May took the rare step of promising colleagues who oppose the decision that they would be allowed to publicly air their views.

Media interpreted this as a strong signal the government would back Heathrow, as there are no high profile ministers who oppose Gatwick expansion.

In a letter to ministers published on Tuesday, May said the exception would only apply to those who had previously expressed strong opinions or had a directly affected constituency.

Ministers would have to seek her approval to oppose the government and would not be able to actively campaign against the decision, speak against the government in parliament or criticise the decision-making process itself, she said.

More For You

British American Tobacco

ITC Hotels' shares closed flat at Rs 207.80 (£1.73) on the NSE on Thursday

itchotels

British American Tobacco to sell stake in Indian hotel chain

Highlights

  • BAT to sell between 7 per cent and entire 15.3 per cent stake in ITC Hotels via block deal.
  • Proceeds will help company achieve target leverage range of 2-2.5x by end of 2026.
  • BAT acquired stake following ITC Hotels' demerger from parent company ITC in January 2025.
British American Tobacco announced on Thursday it plans to sell its stake worth about $776 m (£580 m) in in ITC Hotels through an accelerated bookbuild process, as the tobacco group moves to reduce debt on its balance sheet. BAT intends to offload between 7 percent and its entire 15.3 percent shareholding in the Indian hotel chain.

The company's wholly owned subsidiaries, Tobacco Manufacturers (India) Limited, Myddleton Investment Company Limited and Rothmans International Enterprises Limited will conduct the block deal with institutional investors.

The final number of shares sold will be determined to optimise overall pricing outcome for the group, BAT said. Funds raised from the transaction will help the company transition to its target leverage range of 2-2.5x adjusted net debt to adjusted EBITDA by the end of 2026.

Keep ReadingShow less