A pledge of £39bn towards affordable homes has been placed at the heart of efforts to revitalise the country, accompanied by a planned £113bn infrastructure boost and a focus on everyday finances, raising questions about tax policy and marking a pivotal moment for Labour.

Winter fuel payments have been restored for pensioners, excluding only the wealthiest, while nuclear energy secures record support, reflecting a renewed emphasis on easing living costs and bolstering long-term energy strategy.

Business chiefs are travelling to Washington to contest newly proposed foreign investment tax measures, warning they could undermine job creation, hamper economic growth, and disrupt global markets.

Allies of Donald Trump and Elon Musk, concerned about the damaging repercussions of their public feud for both political and commercial interests, have called on them to reconcile despite no immediate signs of a resolution.