Heathrow Airport is set to unveil a multibillion-pound investment plan to facilitate the construction of a new runway, as confirmed by Chief Executive Thomas Woldbye in a recent speech. Chancellor Rachel Reeves has voiced backing for the third runway, noting its capacity to safeguard numerous British steel jobs, as reported by the Government. Woldbye underscored that the privately financed initiative seeks to improve infrastructure and stimulate investment and economic expansion in the UK this year. Critics have denounced the announcement as 'Orwellian,' with Paul McGuinness from the No 3rd Runway Coalition casting doubt on the project's viability in the absence of a planning application.