Those achievements demonstrated that Britain’s influence is greatest when we lead internationally, not when we retreat from the world. Development supports Labour’s domestic priorities by creating markets for British businesses, strengthening global health security and reducing the instability that drives conflict and irregular migration. Reforming the global financial system that traps countries into cycles of debt could unlock billions for development at little or no additional cost to the UK taxpayer. Britain is uniquely placed to lead on sovereign debt reform, not least because around 90% of debt owed by countries in debt distress to private lenders is governed under English law. Protecting the remaining development budget while pursuing ambitious financial reforms are complementary goals, not competing ones.