Rachel Reeves wont reverse but she might try a tricky three-point turn [Video]

Suddenly, Rachel Reeves is everywhere. There’s no stopping this 2.0 version of the chancellor.

She was all for making savings and plugging the famous “black hole” left by the Tories. Growth received a mention but, crucially, no detail. Now, Reeves is about expanding the economy, reaching out to business, winning its confidence, making Britain “internationally competitive”.

In her landmark speech on Wednesday, she is expected to unveil a bonfire of planning rules to get Britain building again, and announce a third runway at Heathrow airport as well as expansion at Gatwick and Luton. After the gloomy Budget, the messaging will be relentlessly upbeat of the “Just Do It”, “Yes We Can” variety.

Remarkable, what the sight of Donald Trump galvanising investors and the markets can achieve. That, plus the realisation that Britain was sinking fast.

While the new US president was putting a rocket under America’s boardrooms, here the newish prime minister …