John Healey: “As part of this drive I can announce I will also look to make greater use of a national security exemption system, under…”

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

Britain faces these global pressures from a position of relative strength, the fastest growth in the G7 advanced nations in the first half of this year, the deficit being cut faster than in any other G7 country,

I am confident Labour can honour a commitment to increase defence spending and make the decisions that allow us to set out a long-term plan to make our forces better equipped to fight and to deter the threats we face.

As the new chancellor, John Healey, weighs the price of energy support for struggling households, however, he will have to contend with higher borrowing costs.