I bet if labour do get in they won't cancel HS2. Remember the Tories were so against airport expansion and when they got in they cancelled all the proposed additional runways that labour had decided to grant airports like Stansted, Gatwick etc The Tories got in and cancelled it all and now have decided to listen to the fact that LHR needs a new runway or London needs a new airport. A U turn some might say. I'd imagine that Labour being so against HS2 will also turn in to a U turn should they get in. The political side is all about votes sadly which is why the whole Heathrow runway and new airport for London thing has gone on for longer than I've been around!
The housing value dropping is somewhat debatable in a way; I understand your concern for your kids but a lot of home owners don't like their house value declining.
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Lets not forget the sort of job losses we are talking about are not unprecedented. A decision was taken in the early 1980's to close a lot of the coal mines because they were uneconomic and this resulted in the loss of tens of thousands of jobs.
Yeah I remember, it ran down a few areas and left a lot of people in a bad position. A lot have never forgotten about that and Thatcher/tories hated for it. Whether they were uneconomic or not I suppose is debatable in a way (not discussing it here as it's an argument the miners have had going on for years so we won't solve it on here obviously)
They might be legally inclined to help workers move if a new airport in the estuary was built but I think there is a bigger factor in all this really. You're not asking individuals to move, you're asking whole families which is quite a big task and many won't be able to take it up. I suppose those that don't like the new runway idea at Heathrow could move instead?

I expect that idea to be disliked though. Although as BAA is a private company they should be footing the runway/expansion bill rather than the tax payer.
They might build new towns etc if a new airport was built but considering the huge uproar over the idea of Heathrow having a new runway I can't imagine how difficult it would be to build a new airport and a few additional towns too!
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Heathrow, like any other business - and individuals, has to live within the real world if it is to survive.
Yeah you're quite right about that. It needs to meet the demands for its customers (airlines and passengers) otherwise they'll go elsewhere and that won't be good for the business (airport) and west London. As I said before in a previous post new routes and airlines are adding to Heathrow frequently so for the passengers using these airlines things obviously aren't so bad for them. Perhaps they are richer or perhaps their companies have paid for their ticket, does that really matter though if it's bringing in business? At the airport I fly from we frequently have a businessman and his family visit in a rather nice Bombardier Global Express. He flies in from across the pond as his business (a food related one) operates in the USA and here too. No one is bothered about his wealth, just grateful for the business his aircraft and business brings.
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If Heathrow is permitted to expand, then the only rational conclusion that can be drawn is - it will not be for the benefit of the indigenous British population
But even if one can't afford to fly British Airways it doesn't necessarily mean they won't benefit from Heathrow expansion. If a persons job is directly or indirectly influenced by the airport they will still benefit.
I'm not being mean in asking this, I moved away from Southall in 2000 and visit my dad there for a week or two yearly (I do visit Heathrow multiple times throughout the year though) but I'd like to know, apart from Heathrow what does West London have as a major employer? If the airport closed and made way for a new airport in the estuary (causing hotels/haulage firms and other airport reliant companies to move/close) what else would west London have? Again, I'm not saying this to be spiteful, I am asking a genuine question. I seem to recall that Nestle were moving north?