We are working through the detail of the budget. I recognise that it is very much a step in the right direction, particularly in relation to the capital availability for 2025-26. We need to work through the detail on issues such as the impact of national insurance employer contributions to the public purse. That will be one factor that we need to look at.

However, it is not possible to address more than a decade of austerity in one budget, so we need to see investment continue in order to repair the damage of years of austerity and the removal of £15 billion of resources from public services since 2021. That will take more than one budget to address, but we are pleased that our calls for investment in public services have been heeded. As I said, what we have seen today is a step in the right direction.