Yes, because most defence spending is capital investment, whether you’re building new ships, investing in munitions.

Also, what is really crucial is that we get better value for money for our defence spending, which is why cooperation with our Nato allies, especially our European Nato allies, is really important.

I’ve been by his side for six years now as shadow chancellor and then as chancellor of the exchequer.

That’s exactly what my fiscal rules allow.

We are turning that around with the biggest uplift in defence spending since the end of the Cold War.

The Dip will be published before the summit and it will involve more money spent more effectively.

Delays, hidden costs and deals collapsing at the last minute are not only bad for home buyers, it’s bad for the economy too.

For years, decades, we have known that a third runway is needed but we have failed to build one.

Heathrow is currently not punching its weight as a hub airport.

Chancellor Rachel Reeves said she was determined to get "spades in the ground" for the third runway, and for it to be built by 2035.

Heathrow is the perfect example of the problem in the UK in being able to get stuff done.

I am determined to get 'spades in the ground' for the third runway, and for it to be built by 2035.