Sky News’ Sam Coates and Politico’s Anne McElvoy serve up their essential guide to the day in British politics.

After weeks of haggling between government ministers, Labour announces today how they plan to apportion cash around departments for the foreseeable future.

Chancellor Rachel Reeves and Labour say this comes as the government has “fixed the foundations” and introduced stability to the economy. They say the economy is “turning a corner”. But is that totally true? And which sectors are the big winners and losers from this major statement of intent from Labour?

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