For a Labour chancellor it was a bold move: Rachel Reeves went to Davos and told an audience of global plutocrats that she wanted to make their lives easier by creating a riskier regulatory environment for UK consumers.

Rachel Reeves is set to face down prominent Labour critics of plans to expand Heathrow, saying the need for economic growth trumps other concerns. The Chancellor is expected to use a speech on growth next week to support the proposed third runway at the west London airport and endorse expansion at Gatwick and Luton Airports.

When we say that growth is the number one mission of this government, we mean it. That means it trumps other things.” Reeves is expected to signal in a speech next week that the government favours the expansion of Gatwick and Luton airports,