Let the message go out - a new generation has taken charge of Labour which is optimistic about our country, optimistic about our world, optimistic about the power of politics. We are optimistic and together we will change Britain.

Freedom and opportunity are precious gifts and the purpose of our politics is to expand them, for all our people.

Congratulations to Barack Obama - great victory based on building fairer economy and optimism about what politics can achieve.

I've supported Jeremy Corbyn all the way along because I think that was the right thing to do. I've reluctantly reached the conclusion that his position is untenable.

We don't compete in the world by offering tax advantages to a few that we don't give to all our citizens and businesses

We have to create security for the working families of Britain, and that's what I'll do

One nation banking recognises that banks must not be isolated from the rest of the economy. Because banks and small businesses must succeed or fail together, banks must lend to small businesses so we can get the growth and jobs we need for the future. As things stand, that is not happening enough. Lending was down £10.8billion last year.