Rachel Reeves says she'll back Old Trafford plans, but doesn't say how

Rachel Reeves has reiterated her support for the Old Trafford redevelopment plans - but she has not set out what that means.

The Chancellor has set out her plans for economic growth in a speech in Oxfordshire this morning (January 29). She announced plans for a third runway at London's Heathrow Airport and plans to boost growth in Oxford and Cambridge, including new transport links.

She also said that she is 'backing Andy Burnham's plans' for the redevelopment of Old Trafford. The Chancellor said that the plans, which promise to create 5,000 new homes and 48,000 new jobs, would drive regeneration and economic growth in the area.

However, she did not explain how the government will support the scheme. She said: "We are supporting key investment opportunities across the UK. The government is also backing Andy Burnham's plans for the redevelopment of Old Trafford which promises to create new housing and commercial development around a new stadium, to drive regeneration and growth in the area."

It comes after the Chancellor said at the weekend that she would champion the project as a 'shining example' of the government's plans for economic growth. But despite signalling her support for the project, she did not commit any funding for the huge scheme.

Trafford council bosses backed the ‘once in a generation opportunity’ £4.2bn redevelopment plans this week. But the plans for a stadium revamp or a potential new 100,000-seater - alongside 5,000 new homes and 48,000 new jobs - are still in their early stages.

Speaking on BBC Breakfast this morning (January 29), business secretary Jonathan Reynolds said that the government will work with local leaders on the 'exciting project'. But he confirmed that the government will not fund