A leading North American figure has threatened tougher trade measures targeting a key energy exporter if a crucial accord remains elusive, prompting guarded reactions among international partners and underscoring the importance of shared Western alliances that include the UK.

A billionaire intends to depart Britain in response to new tax measures targeting certain residents, prompting debate over the potential impact on high earners and the wider economy.

A £14bn proposal aims to shore up public finances amid concerns over potential tax rises, further welfare cuts and Whitehall savings, while a looming trade standoff threatens to erode billions of fiscal headroom.

Rachel Reeves announces a £2.2bn uplift in defence spending, underpinned by promises of economic security and adjustments to foreign aid and welfare in order to tackle looming fiscal challenges.