William Hague has criticised Peter Mandelson for attempting to become the UK’s new envoy in the US while also seeking to be chancellor of the University of Oxford, arguing that holding both positions would be incompatible.

Lords have called for the resentencing of 2,700 prisoners trapped under abolished Imprisonment for Public Protection orders, highlighting the wider issue of indefinite jail terms and comparing it to past justice scandals.

Chancellor Rachel Reeves, speaking at Mansion House, announced plans to ease banking regulations in an effort to regain the trust of the financial sector and promote economic growth.

President-elect Donald Trump is reportedly seeking legal advice from the Pentagon to overturn a Britain-Mauritius agreement involving the sovereignty of the Chagos Islands, a move potentially impacting a strategic military base used by both the UK and US.