But more than a decade on, the pendulum has swung too far in the opposite direction, with an excessive focus across our economy on stamping out risk entirely.

Rachel Reeves has been warned she risks destroying jobs and creating unemployment "on a scale we haven't seen for years". The Chancellor is being urged to scrap jobs-killing taxes as Britain's jobless rate hits its highest level for four years.

The Chancellor has set out plans to encourage people to invest their savings.