John Healey: “There is no date for reaching 3 per cent spending on defence, and our adversaries do not follow timetables set by the…”

But it also threatens our economic security: impacting the family finances of millions of British people.

What we can do is be an active, hands-on Government that puts British interests first – giving breathing space to those feeling financial strain and making our country more resilient so we can better weather these shocks in the future.

We’ll be watching closely for any suggestions that customers are being taken for a ride at the pump or the till.

We have cut VAT on electricity bills and capped bus fares at £2 - to give breathing space to those feeling the strain.