Levelling up bill includes no funding to make levelling up happen, say MPs – as it happened

Levelling up committee chair says in current form bill is unclear on how to ensure policy becomes reality

Zahawi faces shortest chancellorship since 1970 – and may be glad of it

The ex-vaccines minister appears to be the equivalent of a caretaker football manager, with Kwarteng waiting in the wings

Energy prices have soared above prediction and subsidies will require significant further spending

Move opens new policy gap between unions and Labour party, which is reluctant to commit to specific figure under Keir Starmer

This live blog is now closed.

The company really does not need to take an excursion into high-leverage financial engineering

Mel Stride says OBR must provide fiscal forecasts as Liz Truss urged to ‘come clean’ on promised tax cuts

Tory leadership candidate says he is focused on race for No 10; energy bosses call for end to battle so new PM can tackle bills crisis

Truss cannot deliver £50bn tax cuts and support packages without pushing debt to dangerous levels, says Tory leadership rival

Consumers are in either denial about the economy or think they are managing … for now

An oversight system with teeth would stop utilities from inflicting misery by profiteering

Exclusive: earnings of lowest-paid could rise by £832; lower rates for 18- to 22-year-olds to be scrapped

Editorial: The UK is not the only country in this economic mess, but its position is the most precarious of any in the rich world

Austerity, Brexit and the cost of living crisis have been built on nonsensical misinformation, says Guardian columnist Zoe Williams

As rate reaches double digits, Stuart Rose calls lack of government action to shield households ‘horrifying’