John Stevenson: Education at all levels clearly matters for our economy and our country. Financing education properly is important, and I will be taking a keen interest during the spending review. However, does the Chancellor agree that money is not everything and that good teaching and well-managed schools are of equal importance?
Philip Hammond: Of course. My hon. Friend is absolutely right. They say, don’t they, that no one ever forgets a good teacher. This is about excellence in teaching and in the leadership of our schools, and a well-resourced system led by excellent leaders and staffed by brilliant teachers is the best guarantee of Britain’s bright future.