John Healey: “I want a clear plan to increase UK defence spending to 3% of GDP by 2030.”

Whether it is the cost of business or the cost of living, the only way we deal with these in the long term is growth.

5% represented a 'reasonable ceiling' on the tax.

And every chancellor would say that’s for the budget, and I’ll set out my plans and the future route for government for this country at that budget.

If I respond to speculation now, that will only fuel more speculation, and it's quite right.