Chancellor Rachel Reeves is signalling a huge change of heart - and it's not gone down well with some of her more deluded colleagues.

Rachel Reeves has been accused of a “Davos deal for millionaires” after announcing she was watering down moves to make wealthy foreigners pay more tax. The chancellor said she had been “listening to the concerns” of “non-doms” living in the UK.

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.

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.

Tories claim improvements to the school which educated two of Keir Starmer’s cabinet ministers would not have been allowed by Labour’s education reforms

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.

Rachel Reeves has suggested she will alter some of the more controversial non-dom reforms announced in the Autumn Budget.

Reeves – and Keir Starmer – desperately need the economic clouds to disperse if they are to start changing the public’s perception of the government. Although Labour insiders insist there is “no chance” of the prime minister dumping his chancellor, it is clear that grumblings about her performance are growing louder.

Exclusive: Former cabinet minister Sir Iain Duncan Smith said that the chancellor’s trip to Beijing was a desperate move ‘because she has trashed the economy’

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.