The Government will back a third runway at Heathrow Airport as it looks to go “further and faster” on growth, the Chancellor has announced.

In a wide-ranging speech on her measures to boost Britain’s flagging economy, Rachel Reeves said the case for a third runway was “stronger than ever”.

The Heathrow announcement capped a speech in which the Chancellor sought to strike a more optimistic note than at the start of her term, saying the Government had “begun to turn things around” and announcing a slew of other infrastructure projects.

Isabel Oakeshott says the speech “was desperate” and shows Ms Reeves “is in an absolute panic”.

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