Rachel Reeves: “That’s exactly what my fiscal rules allow.”

But look at the big picture, look at the plan, look at the strategy that I have been pursuing, and that strategy was to return stability to the economy, to enable interest rates to come down.

And to every young woman and girl let my time in office show there should be no ceilings on your ambitions, your hopes or your dreams.

Radical change is only possible if it comes with credibility. That is my mission as Chancellor. That is the mission of this government, and I know it will remain the mission of the next.

It has been the privilege of my life to serve as the Chancellor of the Exchequer. The economy today is stronger, fairer and more resilient because of the choices we have taken as a Labour Government over the past two years.