Airports across the UK could be expanded, including the controversial third runway at Heathrow, under government growth plans.
The Treasury is looking at whether to support a third runway at Heathrow, approve a second runway at Gatwick, and increase capacity at Luton airport, although a government spokesperson said it does “not comment on speculation”.
The new Labour government has made economic growth a key part of its messaging, with Chancellor Rachel Reeves pledging to go “further and faster”.
Reeves could make an announcement on airports next week in a speech, the BBC understands.
The Chancellor will arrive in Davos on Tuesday for the World Economic Forum, where she will say that the UK is “on the up” as she meets business leaders and investors from around the world.
A government spokesperson said: “We are determined to get our economy moving and secure the long-term future of the UK’s aviation sector.
“All expansion proposals must demonstrate they contribute to economic growth, which is central to our Plan for Change, while remaining in line with existing environmental obligations.”
The push for growth has become more urgent after international markets cast doubt on the credibility of the UK’s economic plans, with UK borrowing costs soaring and the pound falling.
The boss of Heathrow Airport, Thomas Woldbye, said in December that his company needs a “clear steer” from the new government by the end of 2025 over plans to expand the airport and build a third runway.
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