While some criticisms of the chancellor are justified, there’s no escaping there are no quick fixes to the bad hand she was dealt

Chancellor Rachel Reeves has endured days of speculation over her future at the Treasury, triggered by the spike in gilt yields of the last fortnight. Far more important than frothy conjecture about the increasingly unlikely possibility that Keir Starmer would ask his chancellor to step aside just six months after Labour’s election victory is the fundamentals of the government’s plan to grow the economy.

Reeves has faced criticism, some justified, about her approach. But, while not offering any quick fixes for the country’s long-term structural problems, the broad parameters of her plan for growth remain sound.