Three stories worth knowing today, in plain English: what happened, why it matters and what comes next.
The Resolution Foundation projects that a typical working-age household will lose about £1,050 a year between 2026-27 and 2028-29. The Institute for Fiscal Studies says the 2020s are on course to be the weakest decade for household incomes on record.
Why it matters: Higher inflation from the Iran war, rising taxes and housing costs are eating into pay. The Budget's £100 energy payment is temporary, and the IFS says it will not fix weak growth.
What next: The Bank of England sets interest rates on 5 November. Ofgem announces the next price cap on 25 November.
Sources: Resolution Foundation, Spread thin · PoliticsHome, quoting the IFS
New today: The count is complete: the Netanyahu bloc finished on 53 seats, down from 56 in the partial count.
With all votes counted, Binyamin Netanyahu's bloc has 53 of 120 seats. Gadi Eisenkot's opposition bloc has 48 and the Arab parties a record 19. Turnout was 77.9%.
Why it matters: Neither side has the 61 seats needed. Coalition talks are expected to be hard and could last more than two months, according to the Times of Israel.
What next: President Isaac Herzog will consult party leaders after the official results reach him. The new Knesset is sworn in on 10 November.
Sources: Times of Israel, final count · Al Jazeera
The Chancellor said the government has set no timetable for bringing down the welfare bill in this Parliament. The Treasury then told the BBC he had never said it would fall.
Why it matters: It matters because the Budget's fiscal headroom is thin, and the Telegraph reports that back-to-work costs are expected to exceed benefit savings every year to 2030.
What next: The IFS says the next spending review is the test, though no date has been set.
Sources: Telegraph, via AOL · Brit Brief, on the IFS response