Good morning. Rachel Reeves delivered her big speech on growth. It contained a number of measures: some good (the Oxford/Cambridge arc tops that list), some bad (the third runway at Heathrow) and some added to give the list of growth initiatives the appearance of a more even regional distribution (the regeneration of Old Trafford).

And the latest medium term official growth forecast from the Office for Budget Responsiblity, the government's official forecaster, is for 1.6% GDP growth in 2029, which would be well below the pre-2008 financial crisis average growth of 2.8% a year.

British finance minister Rachel Reeves spelled out her plans to revive the country's slow-moving economy on Wednesday, adding to recent pledges to reform investment and planning rules with a commitment to back airport expansion at Heathrow.