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Prospect of Labour leadership race brings out different sides of rivals

Burnham and Streeting’s latest stances confound caricatures of left and right as party faces electoral bind

Philip Kraven obituary

Other lives: IT specialist in the oil industry who started out working as a geophysicist

Reeves cuts VAT on summer days out to 5% as part of cost of living support

Chancellor says she will raise tax on global oil firms to help meet costs of plans and confirms delay to fuel duty increases

New weight-loss shot appears to outperform other obesity drugs on market

Eli Lilly says participants in a sizable trial of retatrutide lost much more weight compared to other weight-loss drugs

Music industry risks excluding working-class talent, says Tinie Tempah

Singer Skye Newman also highlights how becoming a performer is becoming inaccessible to those without money

Former boss of collapsed investment firm jailed for illegally selling hot tub

Michael Thomson admitted to breaching a restraining order by selling a range of luxury items

Starmer says he will campaign for Burnham in Makerfield byelection – as it happened

Prime minister tells reporters he would campaign personally in the contest

Reeves announces VAT cut on summer attractions in new cost of living package – as it happened

Rolling coverage of the latest economic and financial news

BT warns of smartphone price rises due to chip shortages from AI boom

Telecoms company CEO says tech firms are buying up memory chips to power datacentres relied on by AI

The main takeaways from Elon Musk’s plans for $1.75tn SpaceX flotation

Prospectus for tycoon’s sprawling empire reveals his plan to keep control – and ambition to colonise Mars

Britain’s politicians need to worry less about the bond markets – and more about the Bank of England

A new model of central banking would weaken the power of bond vigilantes – and help progressive politicians pay for transformative change, says academic Daniela Gabor

Blind UK pop producer to take legal action over alleged lack of support at work after surgery

Disability rights campaigner Robin Millar reveals he is taking owners of music business he founded to a tribunal

UK service sector activity slumps in one of sharpest declines for a decade

Firms hit by ‘perfect storm’ of uncertainty about Labour leadership and impact of Iran war

EasyJet summer holiday bookings down on last year amid Iran war uncertainty

Airline, which took £25m hit on jet fuel in March, says passengers are waiting later to book trips

Wes Streeting calls for equal tax on income and capital gains in Labour leadership pitch

MP says current system is unfair and his idea would result in a ‘wealth tax that works’

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