News live: King Charles praises ‘ambitious’ Aukus and expresses pride in Australia in speech to US Congress

Nuclear submarine mentioned in part of king’s speech that emphasised defence ties. Follow today’s news live

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Consumer price data released later this morning will confirm the Iran war is delivering a major inflationary shock to the economy thanks to soaring fuel prices.

Economists at Westpac predict inflation jumped by 1 percentage point to 4.7% in the year to March, based on the monthly consumer price index figures.

Our defence, intelligence and security ties are hardwired together through relationships measured not in years, but in decades.

Today, thousands of US service personnel, defence officials and their families are stationed in the United Kingdom, as British personnel serve with equal pride across 30 American states.