Rachel Reeves: “The money has to come from somewhere, and borrowing cannot always be the answer.”

Stability restored, investment delivered and reform to our economy under way. I said when I was appointed Chancellor that I would judge my time in office if the lives ordinary working class people have been improved. I’m proud to say that…

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

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.

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.