Tory leadership: Liz Truss and Rishi Sunak clash in heated BBC debate – as it happened

Latest updates: final two candidates exchange blows over plans for cost of living, levelling up and China

Starmer says Labour's approach to levelling up will be based on a practical plan, unlike the government's.

And he says he was impressed by the approach of Olaf Scholz, the German chancellor, whom he met in Berlin recently. Starmer suggests Britain could learn from the way new battery factories are located in poor regions in Germany.

There will be no magic money tree economics with us.