As UK economics editor, my life for the last week has felt a lot like surrealist movie Being John Malkovich — but with Rachel Reeves in the central role.

The chancellor said that allowing Heathrow to build a third runway would "create 100,000 jobs", boost investment and exports and "unlock futher growth". She cited a new report by the consultancy Frontier Economics which found it could increase the UK's potential GDP by 2050 by 0.

Britain will boost its economy by resetting its ties with the European Union and building on its special relationship with the United States, finance minister Rachel Reeves said on Wednesday.

Rachel Reeves is set to announce a series of major infrastructure projects in a speech in which she is also expected to back plans for a third runway at Heathrow Airport. The chancellor will outline plans to create "Europe's Silicon Valley" between Oxford and Cambridge,