Defendants include Meta, which owns Instagram and Facebook, TikTok's owner ByteDance and YouTube parent Google.

Under the plan, access to Meta platforms' core services would remain free to use.

The government has not confirmed what the cap will be, but campaigners have said they believe £250 a year is likely.

The long-awaited deal comes as both Delhi and Brussels contend with economic and geopolitical pressure from the US.

The new rules will be introduced in October and are described as the most significant reform of driver licensing for 70 years.

Treasury Minister Dan Tomlinson says the three-year aid is worth £1,650 for the average pub in 2026/27.

The first of two boring machines was switched on in west London on Tuesday.

Trump has accused Seoul of "not living up" to a trade deal that was reached last year.