Rachel Reeves will deliver a major speech with announcements expected on OId Trafford, Heathrow Airport and a new 'UK Silicon Valley' as Keir Starmer said he'd channel Margaret Thatcher

Rachel Reeves will pledge to “fight” for “growth” and say that Britain “can do so much better” in a major speech, after Cabinet ministers were ordered to ditch policies that could stand in the way of growing the economy.

Embattled Rachel Reeves is set to make a major speech this morning in a desperate bid to kickstart the economy. The Chancellor will be in Oxfordshire to set out policies aimed at boosting growth from 10am. Ms Reeves, who faced a major backlash to her tax-hiking Budget, will say that Britain has been "held back" and "accepted stagnation".