It has been a wild January for Rachel Reeves and frankly for economics in the UK and the world.When Labour swept to victory last summer, Reeves pledged she would be an "iron" chancellor, reining in public spending and improving the lives of working people through growing the economy.

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.

ANALYSIS: A leading eco-campaigner has already condemned Labour as 'worse than the Tories' and the Greens are ready to strike in key constituencies

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.

A LABOUR MP has slated his party’s growth agenda saying it “reeks of panic”. In a column for The Guardian, Clive Lewis said plans announced by Chancellor Rachel Reeves earlier this week are “fraught with risk” and represent a “sign of desperation”.

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.”

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

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.

Chancellor Rachel Reeves has hinted the government would support a third runway at Heathrow.

Chancellor’s optimistic economic growth vision hit in the short term as Tesco and Lloyds announce hundreds of job losses and she admits fixing the economy is ‘not an easy job’

Chancellor Rachel Reeves has backed a third runway at London's Heathrow Airport as part of a fresh plan to get the UK's sluggish economy growing. She said Heathrow expansion, which has been delayed for decades over environmental concerns, would "make Britain the world's best connected place to do business".

Heathrow 's third runway could be built and in use by 2035, Rachel Reeves has signalled. Asked for a timeline on the plans, which she backed on Wednesday, the Chancellor told BBC Breakfast: "We want to see spades in the ground in this Parliament.