Live updates

Next prime minister to make decision over new runway

A decision over whether to award a new runway to Heathrow or Gatwick will now be made by the next prime minister.

Boris Johnson, who was in favour of building a new airport in Kent instead of expanding Heathrow or Gatwick, has ruled himself out of becoming the next prime minister.

Heathrow says that building a third runway at the airport is key to ensuring a successful brexit plan. The airport says that a new runway would create 180,000 jobs and lead to £211bn of growth across the UK.

If Britain wants to be confident, outward-looking and at the centre of the world’s economy then expanding Heathrow must be a key building block in the Government’s Brexit plan.

It will allow British exporters to trade with all the growing markets of the world, strengthening Britain’s position as one of the great trading nations. And at a time of uncertainty a £16bn privately funded infrastructure investment will create jobs and growth across the UK.

– John Holland-Kaye, Chief Executive of Heathrow Airport

Meanwhile Gatwick Airport says it can provide a cheaper and more environmentally-friendly runway that would also provide the necessary growth for the economy.

[A second runway at] Gatwick would deliver for the UK guaranteed growth with limited environmental impacts and at a cost the country can afford. The time is fast approaching to give expansion at Gatwick the green light so Britain can get the benefits.

– Stewart Wingate, CEO of Gatwick Airport



Load more updates