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According to pre-released extracts, Johnson’s speech will highlight projects worth £5bn, which he will “accelerate”, including improvements to schools and hospitals, and “shovel-ready” schemes such as parks improvements.

Speaking in the West Midlands, he will claim his ambitions to rebuild Britain echo the achievements of Franklin D Roosevelt (FDR), who carried out a wholesale reconstruction of the US economy in the wake of the Great Depression and is remembered for large-scale projects such as the Hoover Dam.

But critics of the prime minister will likely highlight there is no new money in the announcement.

Some observers derided Johnson’s suggestion that his plan bore any resemblance to the 1930s White House.

“The notion that he’s going to turn himself into FDR seems absolutely fanciful,” said Prof Anand Menon, of the UK in a Changing Europe thinktank.

“FDR surrounded himself with experts, and drew on what they had to say, in a way that Boris Johnson so far has not.”

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