Labour’s promise to construct 1.5 million homes by Parliament’s end faces uncertainty following comments from Homes England chief Peter Denton, suggesting a two-term strategy. Meanwhile, businesses express discontent with recent tax increases, warning that rising costs could lead to job losses. Chancellor Rachel Reeves aims to unlock £80 billion in investments by reforming local government pension funds into large ‘megafunds.’ Additionally, Downing Street confirms a 5% cap on council tax increases next year despite previous significant tax hikes, prompting mixed reactions from the public and opposition parties.