Politics

Is Rachel Reeves really correct that her new-found enthusiasm for a third runway at Heathrow would be consistent with the government’s net zero targets and other environmental policies? Over the weekend she argued that a third runway would be good for air quality over London because it would mean fewer planes circling over the capital. She also asserted that ‘sustainable aviation fuel is changing carbon emissions from flying’, and that ‘there’s huge investment going on in electric planes’. It isn’t clear where Reeves sourced her evidence that a third runway could actually improve air quality, but that certainly wasn’t the conclusion of a 2017 study by consultants WSP commissioned by

Over the last few years, defence spending has been higher up the political agenda than at any time since the end of the Cold War. The scale, intensity and sheer cost of the war in Ukraine following Russia’s invasion in February 2022 provided a shock to the system – but it only reinforced what many of us had known for a long time: the United Kingdom’s military capabilities in every domain are underfunded, stretched beyond endurance and often non-functional. But is Keir Starmer now avoid increasing defence spending at all? Last February, the House of Commons defence committee published a report entitled Ready for War?. It had damning conclusions. The

Railway arches are functional. If you want to keep a railway bridge horizontal, you’re going to need arches. Once, Network Rail owned these bits that kept the trains in the sky. But these days, they have a price on them, as retail space. There are currently around 5,200 businesses located in railway arches, and in 2018, Network Rail was convinced to part with the lot for £1.5 billion.  Now, these arches are worth at least £2 billion. This is the price that their new owners, the private equity group Blackstone, are paying. Since 2018, Blackstone owned them in collaboration with Telereal Trillium. This month, Blackstone bought out Telereal, establishing a new market