John Healey: “We simply can’t deal with the problems we face as a country by maxing out the country’s credit card.”

It’s the bedrock for economic stability.

Conflict and uncertainty increases inflation, threatens growth and pushes up costs for businesses and governments alike.

We build on that, but it is not easy. It is not easy in a world in which you see global conflict, increasing dangers.

We are cutting the deficit faster than any other G7 economy, while giving people a bit of breathing space with cost of living pressures and focusing support to get young people into work.