The deal is worth less than half the value at which Toronto-headquartered Alphawave floated when it listed in London just over four years ago.

But Home Secretary Yvette Cooper is yet to agree a final settlement with the Chancellor, with reports suggesting greater police spending will mean a squeeze on other areas of her department’s budget.

Richard Madeley has been presenting Good Morning Britain with his wrist in a cast after a “double fracture”. The 69-year-old was asked how he got the injury by co-host Susanna Reid, who remarked “that ...