Chancellor of the Exchequer Rachel Reeves promised to deliver a UK budget showing “real ambition” next month as she used her speech at the Labour Party’s annual conference to project a positive vision for the country.

But the chancellor's conference speech on Monday risks being overshadowed by the row over her decision to axe winter fuel payments.

In her first major speech since becoming the UK's first female finance minister, Rachel Reeves has made it clear that Britain will not return to an era of austerity, despite the growing concerns over the state of the country's finances.