The US President’s signalling of a break from decades-old European security assurances has caused alarm among Western officials, who urge unity and a renewed focus on collective defence commitments.

With the PM determined to boost momentum, Cabinet members could face demotion or replacement in a wide-ranging reshuffle, amid criticisms of their performance and a drive to strengthen the Government’s agenda.

Over 30 banks have cut savings rates despite the recent interest rate shift, while the first mortgage deals have dropped below 4%, prompting both anxiety for savers and cautious optimism for homeowners.

Ministers are alarmed by the potential imposition of hefty US tariffs on steel, fearing significant job losses and prompting the PM to seek urgent talks in Washington in an effort to protect the industry.