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Hitting back, Truss said she had a plan to "turbocharge the economy" and accused Stride of bowing to "failed Treasury Orthodoxy".

"The next generation of miners in America will be able to control their destiny, control the cost of power, and I think that is going to turbocharge Bitcoin mining in America," Lutnick told the magazine.

Four years on, chips remain a battleground in the US-China race for tech supremacy, and US President Donald Trump now wants to turbocharge a highly complex and delicate manufacturing process that has taken other regions decades to perfect.

"This week we will turbocharge plans that will improve our domestic competitiveness, so we're less exposed to these kinds of global shocks," Starmer wrote.

Plans to "turbocharge" economic growth in the capital will create 150,000 jobs and make Londoners better off, according to the mayor of London.