Will Labour MPs back Rachel Reeves’s growth plan?

It’s ‘growth week’ in government, as the Chancellor Rachel Reeves attempts to convince sceptical business leaders, bankers and voters that she has a plan to get the economy going. After a dismal start to the year in which bond market jitters saw the cost of government borrowing soar, Reeves is hoping to turn things around with a speech on Wednesday setting out the measures and choices the government is willing to make to drive economic growth. Much of the content is already out there with talk of the government supporting a third runway at Heathrow airport amongst other things. Since the reports first emerged, there have been some grumblings among Labour MPs over the government prioritising growth at the cost of environmentalism.

On Monday night, Reeves addressed Labour MPs in a bid to get them on side. The Chancellor told those present that the government must go ‘further and faster’ as ‘the cost of living pressures are still very real for working people across Britian.