Double-bubble: Rachel Reeves' regurgitating of Boris Johnson ’s old manifesto, sorry I mean Rachel Reeves' unveiling of Labour’s pioneering new plan for growth, then Keir Starmer at Prime Minister's Questions.

It's like complaining that PM Keir Starmer hasn't grabbed enough freebies, or that Energy Secretary Ed Miliband has too much common sense. But that’s how they think, on the left of the party. Their biggest beef about Labour is that Rachel Reeves is too soft. She needs to tax more – and spend more of course.

Jonathan Reynolds, Labour’s business secretary, told the Financial Times, “We have to respond to the agenda the US president has just set out with our own dynamism… Every country has to do it.”

A major speech Wednesday promises a host of pro-growth policies to turn the UK economy around. But the hurdles in the chancellor’s way are huge.

The Labour Party Chancellor and MP was speaking out on Wednesday as she delivered a landmark speech on growth on January 29.

The chancellor has told Labour MPs there are "no easy routes" to economic growth, after hinting the government will back a third runway at Heathrow Airport. Rachel Reeves said ministers must start saying "yes" to new projects and go "further and faster" to boost the economy.

The Chancellor has faced questions about her plans since the start of the year, amid stuttering growth figures and rising borrowing costs

Labour’s ambitions for a more pro-growth, pro-business agenda mark a positive shift, at least in tone. But actual, visible, tangible growth depends on execution. This in turn depends on private sector money, overcoming bureaucratic hurdles, and cutting the Brexit red-tape that continues to hamper trade with the EU.

The delayed third phase of Britain's post-Brexit border regime for imports from the European Union will begin on Friday - four years after Britain left the bloc's single market and nine years after it voted to leave the EU.

A Conservative shadow minister warned the UK could "fall further behind" on growth targets following the Chancellor's "desperate" attempts to save the economy.

In the words of the ever-quotable Winston Churchill, “for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle”. Lower tax economies can be more dynamic,