Australia news live: Aukus nuclear-powered subs deal revealed with $368bn price tag over next three decades

Daniel Hurst has also broken the announcement down into key points for you:

• Australia’s entire nuclear-powered submarine program – including acquisition, construction and sustainment – is forecast to cost $268bn to $368bn between now and the mid 2050s, most of it beyond the first four-year budget period. This includes $9bn over the initial four-year budget period. The $9bn over the forward estimates is an increase of $3bn compared with the $6bn earmarked…