Rachel Reeves will pledge to “fight” for “growth” and say that Britain “can do so much better” in a major speech, after Cabinet ministers were ordered to ditch policies that could stand in the way of growing the economy.

A major speech Wednesday promises a host of pro-growth policies to turn the UK economy around. But the hurdles in the chancellor’s way are huge.

British finance minister Rachel Reeves will say on Wednesday that she is ready for a fight to push forward her plans to speed up the country's slow-moving economy that have grown in urgency after this month's bond market slump.