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Three options for region's new runway

Heathrow or Gatwick for the new runway? Credit: ITV

The cost of a new runway at Gatwick would be £7.8 billion. A total of 163 properties would be demolished. It would create 120,000 new jobs with an economic boost worth £100 billion. Up to 40,000 new homes would be needed. Flight numbers would rise from 254,000 to 514,000 a year by 2050 with two new flightpaths. Passengers numbers would rise from 40 million a year today to 95 million.

The cost of a runway at Heathrow would be £15.6 billion. Around 950 homes would be demolished. The runway would create 180,000 new jobs with an economic boost worth £211 billion. Up to 40,000 new homes would be needed. Flight numbers would rise from 480,000 to 740,000 a year with two new flightpaths. Existing passengers numbers, 72 million a year, would double to 150 million.

The cost of the Heathrow Hub option would be £13.52 billion. Two hundred properties would be demolished. It would create 163,000 new jobs with an economic boost worth £214 billion. Up to 40,000 new homes would be needed. Flight numbers would rise from 480,000 a year to 700,000. Passengers numbers would rise from 72 million to 142 million a year.

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500 jobs to go at Virgin Atlantic

The jobs will be lost over the next few months Credit: ITV

Crawley-based Virgin Atlantic is to lose around 500 support and managerial roles, which will be achieved through a combination of employees leaving, redeployment and redundancies.

Virgin say: "This programme will be handled in a way that provides the best possible support to all those that are impacted.These changes will take place over the next few months, with a target of completing the programme by the end of the year.

"Virgin Atlantic is aiming to reduce its non-fuel costs through focusing on driving efficiency and simplicity throughout all areas of the business whilst delivering an even better customer experience.

"This reduction will make the airline more competitive, ultimately ensuring it can continue to invest in the overall Virgin Atlantic experience, loved by its customers."

Heathrow's Terminal 1 closing after nearly 50 years

It's been a familiar sight at Heathrow for almost 50 years but it is now the end of the line for Terminal 1.

The building will now be re-developed as part of an £11bn upgrade of the airport.

To mark the occasion a party for staff and workers from years gone by.

Also on the guest list: our Transport Correspondent Mike Pearse. He spoke to former worker Keith Hayward and the last passengers to use the building.

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Plans for WInchester development to be discussed today

Proposals for the controversial Silver Hill development in the centre of Winchester are to be discussed by the city council today.

Councillors will decide if a planning application for housing, offices and shops - originally approved in 2009 - can proceed. It consists of almost 300 new homes, offices, shops, a new bus station and car park.

Opponents said the plans would have a negative impact on the city's historic character.

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