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

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

“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,”

“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,”

And we have provided just a bit of breathing-space for those families and businesses that feel so squeezed, that feel without hope."