Rolling coverage of the second day of the World Economic Forum in Davos

Q: Tony Blair (who’s in Davos this week) was famously relaxed about wealth creation – are you?

“Absolutely”, Reeves replies, repeating that the UK wants to welcome the best people from around the world to help grow the economy.

Stability is the prerequisite for economic growth.

Businesses can know that our public finances are in order. We’ll never need to come back and do a budget like that again.

Britain is open for businesse, we’re open for talent.