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 is set to unveil her make or break plan for the economy in a major speech on growth later this morning. The Chancellor will pledge to “fight” for growth and say that Britain “can do so much better” in her address, 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".

The chancellor will also focus on development between Oxford and Cambridge to create a "Silicon Valley of Europe".

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.