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Gatwick's £2.2 Billion Expansion Promises Jobs Amid Tax Concerns

9/30/2025

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Summary

Story summary

Government approves Gatwick Airport's second runway, increasing capacity from 45 million to nearly 80 million.
The £2.2 billion expansion will create 14,000 jobs and add about £1 billion annually.
Stewart Wingate, Gatwick's CEO, warns business rate changes could raise taxes and hurt profits.
Rachel Reeves is expected to outline tax changes in November Budget to address a £50 billion gap.

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Story summary

Government approves Gatwick Airport's second runway, increasing capacity from 45 million to nearly 80 million.
The £2.2 billion expansion will create 14,000 jobs and add about £1 billion annually.
Stewart Wingate, Gatwick's CEO, warns business rate changes could raise taxes and hurt profits.
Rachel Reeves is expected to outline tax changes in November Budget to address a £50 billion gap.