In a return to Labour's tax-and-spend approach, the Chancellor set out plans to 'invest' a staggering £4 trillion to fund 'the renewal of Britain'.

Rachel Reeves is set to unveil billions of pounds in public funding in today’s eagerly-anticipated spending review.

Chancellor will reveal how the government plans to spend almost £1.4tr in 2026-27, rising to almost £1.5tr in 2028-29