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

British rural voters ‘ignored’ by Liz Truss and Rishi Sunak

Tory leadership hopefuls ‘taking countryside voters for granted’ and neglecting pressing issues, says CLA business group

Treasury preparing emergency cost of living options for next prime minister

Officials’ proposed measures include national insurance cuts and pause to green levies

What might Liz Truss do about soaring energy bills?

Options, if Truss takes over as PM, range from her favoured tax cuts to household energy bill plans aiding the worst off