Liz Truss energy plan ‘needlessly inefficient and expensive’, says thinktank – as it happened

Criticism of PM’s freeze of bills as Labour leader condemns decision not to tax unexpected profits of energy giants

The government has finally intervened – to protect energy companies’ profits

What we really need is a public energy firm that directly produces and generates renewable energy, says Sandy Hager of City, University of London

Liz Truss to freeze energy bills at £2,500 a year average, funded by borrowing

PM announces £150bn scheme and resumption of fracking as she pledges to tackle root causes of crisis

As it happened: White House issues trade warning over Northern Ireland protocol

Efforts to undermine Good Friday agreement would not create conducive environment for US-UK trade talks, says Biden’s press secretary

Government moves to calm markets as pound falls to lowest level against dollar since 1985

New chancellor on charm offensive in Square Mile says Bank of England independence ‘is sacrosanct’

Kwasi Kwarteng assures City of support for Bank of England independence

New chancellor promises City bosses ‘radical’ plan for economic growth and smooths over Truss’s threat to review Bank’s remit

Liz Truss’s faith in the power of markets will be tested to destruction by a winter of strife

The new prime minister’s aversion to state intervention flies in the face of her supposed pragmatism: there’s trouble ahead, says Guardian columnist Rafael Behr

The Guardian view on Truss’s Tories: a new direction but nowhere to go

Editorial: A consensus is emerging that upends previous Conservative thinking – but it won’t help Britain

Patrick Minford: maverick economist who inspired Truss and Thatcher

Brexiter tells Guardian that new PM understands need for tax cuts and orthodoxy must be challenged to revitalise economy

Tory leadership: Nadine Dorries steps down and returns to backbenches – as it happened

Latest updates: culture secretary will not serve in Truss’s cabinet and is expected to receive peerage from Boris Johnson

Climbing interest rates yet to bite most Australian mortgage holders, economists say

As the RBA meets to consider the cash rate, analysts warn the impact of previous rises is yet to be felt fully

The first thing Prime Minister Liz Truss needs to do? U-turn on everything she believes in

She’s a small-state ideologue, but all that matters is that she carries the UK through this economic crisis, says Guardian columnist Simon Jenkins

The daunting economic challenges facing the UK’s next chancellor

Nadhim Zahawi’s successor will have to provide support as the country grapples with falling into recession

Truss to push ahead with low-tax economy despite calls for caution

Reports that prospective PM is also considering freezing energy bills this winter at a cost of up to £100bn

UK needs to be put on an economic war footing for the coming recession

Incoming prime minister’s only priority over next few weeks should be to avoid meltdown