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The Treasury portions out £100bn on new homes, railways and roads in the second part of the comprehensive spending review - but Labour dismisses the investment as "hot air".
Chancellor George Osborne tells MPs Britain will have to endure another £11.5bn of cuts, with further pain for public sector workers. But infrastructure spending will receive a boost.
The British and Irish Lions hang on for a 23-21 win over Australia in an enthralling first rugby union test in Brisbane on Saturday.
Defence secretary Philip Hammond warns he will resist further cuts to the armed forces in Chancellor George Osborne's forthcoming spending review.
Stock markets plunged and the cost of borrowing in Spain and Italy went up as the European Central Bank President Mario Draghi disappointed markets with a non-committal press conference.