Pound rises ahead of expected Johnson resignation

Kitty Ussher, chief economist at the Institute of Directors, the UK employers’ group, said: “What business hates most is uncertainty and instability, which heightens the sense of external risk. Having said that, we recognise that this is an issue for the Conservative Party to resolve.

Will Nadhim Zahawi change tack on the economy?

He acknowledged both he and the prime minister wanted a “low-tax, high-growth economy, and world class public services”, but Mr Sunak said this could only be “responsibly delivered if we are prepared to work hard, make sacrifices and take difficult decisions”.

Pound slides to two-year low against the dollar

George Godber, a fund manager with Polar Capital, said gas prices were set to rise even further later in the year: “Our companies are struggling with this deteriorating economic outlook. How do businesses and consumers plan for rising gas prices, and the squeeze in energy [prices] that we’re seeing in the December contract for gas?”

What does egg freezing have to do with your employer?

“I didn’t meet my man in college, didn’t meet my man in law school,” she explains, “so there is this sense in the back of your head that you need to hurry up and just have a kid. I’m OK with the commodification of it, especially in America, as we’re having to revisit Roe v Wade. To be able to say as a woman, I choose to just wait a little bit longer. That choice is not only body autonomy, that is life autonomy,” she concludes.