Chinese banks to come to UK

Chinese banks will be able to apply to set up branches in Britain, Chancellor George Osborne has announced during a visit to the country.

View all 19 updates ›

Boris Johnson calls for new multi-runway hub airport

Prime Minister David Cameron and Chancellor George Osborne are "kidding themselves" if they think Britain can stay internationally competitive without building a new multi-runway hub airport, Boris Johnson has warned.

The Mayor of London called on the Government to follow the example of Hong Kong and overcome their doubts to green light a new airport to the east of London.

Mayor of London Boris Johnson takes a look at Hong Kong International Airport. Credit: Stefan Rousseau/PA Wire

Hong Kong's Chep Lap Kok airport is built on land reclaimed from the sea - much like the Mayor's plans for a so-called "Boris island" - and replaced the old airport which was situated in an urban area with no room for expansion.

Mr Johnson said China has "clearly figured out that aviation is absolutely key to economic growth" and claimed the situation bore a resemblance to the Heathrow expansion - a controversial and, according to the Mayor, unworkable option.

More on this story