Keir Starmer is facing pressure from business leaders, MPs, and peers to align more closely with EU regulations in order to strengthen the UK’s economic ties with the bloc, amid concerns of potential trade conflicts with the US.

Household bills are expected to increase by £280 next year due to rises in council tax, energy, water, broadband, and train travel costs, prompting concerns about inflation and interest rates.

Rachel Reeves plans to reform financial regulations to boost growth, including allowing bankers to receive bonuses earlier and overhauling pension funds to encourage investment.

The UK Labour Party is expected to fall short of its target to build 1.5 million new homes by 2029, as identified in an official plan citing a need for a more realistic two parliamentary term approach.