For a government with two-term dreams, Labour is making a lot of short-term plans | Richard Partington

In the rush for growth, the cabinet has hit the ground running; but a temporary boost to public borrowing may be the only way to get quick results

For a chancellor targeting a decade in power, Rachel Reeves is in a hurry. After 14 years in the wilderness for Labour, and several centuries of Britain awaiting its first female chancellor, it's not surprising she is keen to get on with the job.

So far, two ideas have predominated: blaming the Conservatives for the worst economic inheritance since the second world war, and laying the foundations for national renewal at breakneck speed.