Summary

  • David Cameron faced his weekly Prime Minister's Questions from 12:00

  • A long-awaited review into Britain's airport capacity recommends a new runway for Heathrow

  • Downing Street said there would be no "snap judgement" on the findings

  • Boris Johnson says it would have "catastrophic" impacts and predicts "it's not going to happen"

  • MPs debate a ministerial statement on the Airports Commission review

  • Work and Pensions Secretary Iain Duncan Smith announces a new way of measuring child poverty

Live Reporting

Pippa Simm and Alex Hunt

  1. Greece debt crisis latest

    In other news, Greece has become the first developed nation to default on an IMF loan,  after it missed the deadline for a €1.5bn (£1.1bn) payment hours after eurozone ministers refused to extend its bailout.

    Eurozone ministers say they'll discuss a last-minute request from Greece for a new two-year bailout today - but the situation has heightened fears of Greece leaving the euro.

    Commenting on the situation, UK Chancellor George Osborne said Britain will "prepare for the worst".

    It is vital now that the current uncertainty is resolved, whatever the Greek people decide, to ensure economic and financial stability across Europe. Britain’s attitude to this developing crisis is clear: we hope for the best; but we prepare for the worst, and we stand ready to do whatever is necessary to protect our economic security at this uncertain time.”

  2. No-one will mind?

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  3. Labour on airport expansion

    Michael DugherLabour Party

    Michael Dugher, the shadow transport secretary, said Labour would consider the Airports Commission's report "carefully".

    If the recommendation can meet a number of tests, including consistency with our climate change obligations, we will take a swift decision to back Sir Howard Davies' proposals. How we tackle the need for aviation expansion is likely to be one of the biggest decisions for this country this decade and the ministers' difficulties with their own party should not influence their approach. We must not let politics get in the way of good business - there is too much at stake."

  4. No Keynesian?

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  5. 'Gatwick will happen'

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  6. 'Bulldozer blocker'

    Boris JohnsonGetty Images

    London Mayor Boris Johnson - who has long been opposed to Heathrow expansion - did the media rounds this morning, and predicted that a third Heathrow runway was "not going to happen", despite the Commission's recommendation.

    Asked on BBC Radio 4's Today programme about his pledge to lie in front of bulldozers if it was approved, he said: "As it happens, I don't think my services as a bulldozer blocker will be required for decades, if ever."

    He stood by his view that an airport in the Thames estuary was the best option.

  7. No go-er?

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  8. Airports report recommendations

    Airplane

    Sir Howard Davies's report concluded that a third Heathrow runway would add £147bn in economic growth and 70,000 jobs by 2050, and connect Britain to 40 new destinations.

    But it said there should be severe restrictions to reduce the environmental and noise effects, including no night flights, no fourth runway and binding commitments on air quality. and a parliamentary pledge that a fourth runway would not be built.

    On Gatwick expansion, Sir Howard said a second runway there was a "credible" option but was less able to provide connections to long-haul destinations and would create lower levels of economic growth.

    More here.

  9. Ready for take-off

    Hello and welcome to our live coverage of all things political. As usual, it's a busy one - with lots of political reaction to the findings of the Sir Davies' Commission into airport capacity, which has recommended a third runway be built at Heathrow. David Cameron pledged in 2009 "no ifs, no buts" Heathrow expansion would not go ahead. So where does the government go from here? Downing Street officials say they want to digest the report properly, without making "a snap judgement". Also coming up today, David Cameron faces his weekly questioning by acting Labour leader and backbench MPs, in Prime Minister's Questions at 12:00.

    Our business colleagues have been running live reaction to the Davies report - you can see the action so far here.