Heathrow Airport announced a multi-billion pound investment, safeguarding thousands of jobs and committing to using UK-made steel for construction projects. This investment includes new terminal buildings, aircraft stands, and passenger infrastructure, as well as progress towards a third runway. The government welcomed the investment, highlighting its potential to secure steel jobs and boost economic growth. The announcement comes amid concerns about US President Trump's proposed tariffs on steel imports, which could negatively impact the British steel industry.
A passenger plane flies over horses feeding as it makes its landing approach to Heathrow Airport in January. Photographer: Toby Melville Provider: REUTERShas been handed a lifeline after Heathrow airport announced a multi-billion pound investment, including commitments that will safeguard thousands of jobs in the industry amid the threat of
By its completion in 2008, the construction of Heathrow Terminal 5 had required 80,000 tonnes of steel, and estimates suggest construction of a third runway could require 400,000 tonnes. Alex Veitch, director of policy at the British Chambers of Commerce, said the announcement would support “domestic steel production and supply chains across the UK”.
He told the Commons: “The new President has a speciality in generating uncertainty. It’s part of his style of negotiations to create uncertainty as to what will happen next.Alexander went on: “What British industry needs and deserves is not a knee-jerk reaction, but a cool and clearheaded sense of the UK’s national interest based on a full assessment of all the implications of the US actions.
Sir Julian Lewis, the MP for New Forest East, asked: “If President Trump offered to cancel the tariff on steel imports in return for the UK throwing in the dustbin the appalling Chagos giveaway deal, would the Government agree?” The industry called on ministers to develop safeguards against dumping because the UK’s carbon border tax, which will raise the price of steel produced more cheaply by polluting countries, will not come into effect until 2027.
HEATHROW AIRPORT STEEL INDUSTRY UK ECONOMY JOBS TARIFFS
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