Rachel Reeves: “When they succeed, we all succeed, and today’s major reforms are the most significant step in years to unleash their…”

I think that we need to be much bolder and go much further moving towards a trusted economic and security partnership, where the default is the UK is included not excluded.

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.

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.

I wish the very best of luck to my successor, Andy and his cabinet. You have my full support, and I will continue to play my part in helping this Labour government deliver the change the country needs.