Burnham could become PM on 17 July based on Labour leadership contest timetable – as it happened The former Manchester mayor could be installed as prime minister in weeks if no other MP puts themselves forward
Ryanair ditches family seating fees; Markets at record highs as oil hits pre-Iran war levels – as it happened Rolling coverage of the latest economic and financial news
Oil price falls to pre-Iran war levels as more tankers exit strait of Hormuz Stock markets on both sides of Atlantic up as concerns ease over prospect of another inflationary shock
Make pension tax relief only available to savers prepared to invest in UK, Andy Haldane says British Chambers of Commerce chief calls for ‘home bias’ on retirement savings to close funding gap for SMEs
UK to halve tariff-free steel imports to counter glut of cheap Chinese metal Duty on imports outside new quota will double in move echoing similar changes in EU limits
Badenoch will ‘absolutely not’ apologise for PMQs comments about Starmer’s downfall, spokesperson says – as it happened Tory leader said Labour MPs were cheering, even though there are ‘400 knives’ in Starmer’s back
Musk loses trillionaire status as SpaceX shares ‘come down to earth with a bump’ – as it happened Rolling coverage of the latest economic and financial news, as drops in SpaceX and Tesla’s shares eat into Musk’s wealth
Interest rate hikes remain on cards as Australia’s underlying inflation climbs, economists warn Despite plunging fuel prices, trimmed mean inflation increased from an annual pace of 3.4% to 3.6%
Progressive economists reject Unite leader’s criticism of Ed Miliband Sharon Graham is urged to withdraw her claim that the energy secretary would cost jobs if he became chancellor
‘Walking a tightrope’: Burnham’s borrowing plans clash with fiscal realities The man tipped for No 10 could also come under immediate pressure if his chancellor is deemed by bond markets to be too left-wing
Keir Starmer and Andy Burnham have met away from No 10 to discuss transition – as it happened Prime minister said to have left Downing Street for secret meeting with his probable successor
Burnham adviser calls for billions of pounds in borrowing for infrastructure Exclusive: Jim O’Neill, a former chief economist at Goldman Sachs, says government should spend more on big projects
RIP Alan Greenspan: you were charming, powerful and wrong The former Federal Reserve chair was a smart guy – but he had a huge blind spot. Here’s what I wish I’d said to him
Clean economy brings jobs and growth, says Miliband as £100bn invested in green energy Energy secretary hails £100bn milestone in this parliament and says it is ‘only the start of what we want to achieve’
Keir Starmer’s economic legacy – in charts PM said Labour had turned economy around – but his record on growth and unemployment appears mixed