John Healey: “What’s happening in the Middle East is hitting inflation, it’s hitting growth, it’s hitting borrowing costs.”

We have backed British jobs, British skills and British businesses.

We’ve written to the cabinet to say that if we’re serious about new priorities as a second-stage Labour government we have to be serious about – and they have to be serious about – reprioritisation of their plans, their budgets,

Our commitment to stand with the Ukrainian people is unshakeable. We will bear down on those propping up Putin’s war as we push to secure a just and lasting peace.

Fiscal discipline is the bedrock of our UK economic stability and national security, which is why we are committed to meeting our fiscal rules, with a buffer against global uncertainties.