Heathrow expansion may be good economics, bad politics

A passenger jet comes in to land over houses next to Heathrow airport in London.

Well economic growth in the U.S. may be weak -- but the U.K.'s economy is expected to shrink this year. So there are calls for the government to spend more money on infrastructure projects -- including adding another runway at London's Heathrow Airport. It's been pretty controversial, though. Marketplace's Stephen Beard is with us from London with the details. "Supporters say it could generate a great deal of extra international business for Britain, generating perhaps $12 billion a year and creating 140,000 extra jobs," Beard says. Prime Minister David Cameron opposed the project before the last election and still does today. "This is a u-turn that would go down very badly with the tens of thousands of voters who live under the Heathrow flight path." Hear more details in our audio above.

About the author

Stephen Beard is the European bureau chief and provides daily coverage of Europe’s business and economic developments for the entire Marketplace portfolio.

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