Andy Burnham to cut VAT on electricity bills as first cost of living move

Newly appointed chancellor John Healey says reduction will be funded by cancelling digital ID scheme

JP Morgan boss warns of ‘consequences’ if Burnham taxes banks

Higher taxes on sector could threaten plan for £3bn headquarters in London, says Jamie Dimon

Vertical Aerospace says government has given £10m backing, taking its total investment in the project to £48m

New PM urged to introduce a 2% minimum charge on households with more than £100m in wealth

New prime minister says government must ‘do better’ to deliver change but promises prudent approach to economy

Editorial: Outside Downing Street, Britain’s new prime minister struck the right notes. Now he and his cabinet need to be brave

Is the machinery of state jammed, or is the reason for the slow pace of change more personal than institutional?

Chaos of Capita-run scheme has left some people waiting up to a year for payments and in financial hardship

Tensions between his aims are already there including disputes over key appointments such as chancellor

From industrial strategy and defence to housing and living costs, we lay out the challenges facing the new PM

Party manifesto pledged to honour existing North Sea exploration licences but not issue new ones

MPs and industry experts say potential reorganisation will waste time at critical moment for AI and economic growth

Labour leader examining proposals to overhaul gas standing charges and make heat pumps cheaper to run than boilers

Taking a fresh look at the Bank’s role would send a strong signal that a Burnham government is prepared to do things differently

The home secretary, favourite to take over at No 11, has minimal economic credentials and many MPs would prefer Ed Miliband