Andy Burnham: “Dress the deal up however you like. Once you have sold a piece of it, you have sold out.”

Politics has become too suffocating. We need greater ambition. The country is not where it should be and nothing simple gets us out of that. We need to show a journey and a longer-term plan.

If the UK wants to build global companies, we need to be globally competitive. To do that, we cannot have Britain's start-ups simply sell up.

So I can confirm today we will legislate to make sure that non-compete clauses will no longer be a barrier to hiring for our most promising start-ups and scaling firms.

We can do it, and we can be the nation in the next 10 years that… does find the cure for cancer, that does make the breakthrough on dementia, or indeed on nuclear fusion.