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.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.