Rachel Reeves: Treasury will ‘hardwire’ growth into tax and spending decisions

Shadow chancellor to outline plans to shake up department after Labour election victory

The Treasury under a Labour government would “hardwire” raising Britain’s growth rate into its budget tax and spending decisions as part of plans to shake up Whitehall’s most powerful department, Rachel Reeves is to announce.

The shadow chancellor will use a lecture in London on Tuesday to say that a decade of national renewal must start with “day one” reform after a Labour election victory to make growth more pivotal to the Treasury’s work.