A civil war has erupted in the Labour Party after it was reported that Rachel Reeves plans to approve a third runway at Heathrow Airport and an expansion of operations at Gatwick. In a speech next week, the Chancellor is also expected to support more flights at Luton.

Britain’s first woman Chancellor delivers the same old fudge, as Labour’s commitment to economic orthodoxy, seen throughout its history, always betrays working people, writes KEITH FLETT

Pensions minister Torsten Bell (pictured), who has just arrived at the Treasury, has previously questioned the sustainability of the triple lock.

Like Reeves, Bell doesn't have many practical suggestions for boosting growth, but has eye-watering plans to hike tax after tax after tax. This goes way beyond anything Reeves has done. Bell has called on Reeves to launch another inheritance tax (IHT) blitz by scrapping the £175,000 residence nil-rate band altogether.

UK chancellor Rachel Reeves has shrugged off calls for her resignation, insisting to MPs that her economic plans can deliver an “immense” prize and defending her visit to China last week.

Reeves’s worst week in office so far was marked by the UK struggling to keep the confidence of financial markets following a global bond sell-off. The investor revolt pushed up government borrowing costs amid concerns her current economic plan won’t deliver the growth to bring national debt under control, and will drive up already sticky inflation.

Keir Starmer gave his beleaguered chancellor the vote of confidence on Monday morning, but if he decided on a change in the Treasury who could replace her?

As ye sow, so shall ye reap. One reasonably reliable rule of economics is that markets will eventually always find you out. It’s taken just six short months for this to happen to Labour, with its fairytale promise to end austerity in public services without having to raise taxes on working people.

The Chancellor has hit back in the escalating row with Sir Sadiq Khan and other senior Labour figures over Heathrow Airport expansion. Rachel Reeves on Wednesday said if Britain wants a strong economy the answer “can't always be 'no'” to projects that will create growth.

A rout in UK bonds has evoked memories of the market crisis during Liz Truss’s calamitous premiership and raised questions over Chancellor of the Exchequer Rachel Reeves’ budget plans.

Rachel Reeves has declared that “growth must trump other things” as the Treasury backs plans to expand the UK’s main airports. In a move likely to spark tension with senior Labour figures, she told Davos delegates that Britain’s economy comes first,

Kemi Badenoch attempted to put Labour on the back foot on the economy - only to have her party's dire 14-year record thrown back at her. Here The Mirror looks at some highlights