John Healey: “UK borrowing costs are too high.”

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

At the spending review, we will set out a clear path to meeting our 3.5 per cent Nato commitment in 2035 and we will set a target date on that path for 3 per cent,

We’ll be watching closely for any suggestions that customers are being taken for a ride at the pump or the till.

It’s part of a more dangerous world that is more uncertain and it’s one of the challenges we have to meet in this country, but have to meet with other [countries].