Mr Richard Holden

Whenever there is a large infrastructure project in the country—we are fully aware of this and always have been—there will always be local objections, as we would expect at council and sometimes constituency MP level. I think everybody understands that. The broader point is that Heathrow will be a privately funded project, and we support it on that basis. What is the cost of the failure to make a decision? It is lost growth and forgone private sector investment. This is the same behaviour that we have seen towards vital projects such as more drilling in the North sea. The Prime Minister wants to talk about re-industrialisation without giving British companies or businesses the tools they need to achieve that. As the Leader of the Opposition stated: “The future of our country’s busiest airport is not a regional matter” That is why I take issue with some of the speeches made by Members today. This is a matter for the country and for the Prime Minister, so, in the words of the Leader of the Opposition, he needs to “stop faffing about” and “get this runway built.” There has been much discussion today about the level of economic growth that the airport would deliver, to pick up on the intervention made by the hon. Member for Richmond Park. However, we should all be able to agree that the project would bring economic benefits. The £17 billion in benefits estimated by Heathrow is a considerable sum. Although I understand that the Department has produced different figures, I ask the Minister what steps the Department is taking to ensure that its economic analysis captures the full benefits for passengers and trade in full and, indeed, as the hon. Member for Strangford (Jim Shannon) said, right across the United Kingdom as well. Furthermore, the project will increase investment in UK supply chains, create jobs and provide opportunities for new apprenticeships. The chief executive officer of Heathrow said only last week that of the billions in private sector investment, 95% will go into the UK supply chains, alongside more than 100,000 jobs that Heathrow says the project could support.