Rachel Reeves: “Call me old fashioned but I think governments should stick to a manifesto on which they were elected. That's what we are…”

Our choices mean the economy is in a better position to deal with the costs of the war in Iran while kickstarting long-term growth by focusing on our three big choices – boosting AI, regional growth and strengthening trade with the EU.

I am absolutely certain if we could go back two years, there are choices that I made that would be different.

Because if you lose control of the public finances, it is ordinary working people and businesses who pay the price with higher inflation, higher taxes and indeed higher interest rates.

In the age of insecurity in which we live, the economic strength of our country rests on strategic alliances, and no alliance is more important to us than our relationship with the European Union.