Tory leadership: MPs to vote in third ballot, with Rishi Sunak buoyed by snap debate poll – live | Politics

Key events: Show key events only Please turn on JavaScript to use this feature Pat McFadden, the shadow chief secretary to the Treasury, has written to Nadhim Zahawi, challenging him to provide more clarity about his tax and financial affairs, my colleague Heather Stewart reports. IMF official tells Tory leadership candidates that using extra borrowing … Read more

Tory leadership rivals accuse Rishi Sunak of ‘plunging Britain into recession’

The ITV debate on Sunday night included a section where each contender was allowed to ask a question to one of their rivals. Nearly all candidates chose to confront Mr Sunak, with Kemi Badenoch, Penny Mordaunt and Ms Truss all rounding on him. He was forced to defend himself on whether the UK should do … Read more

‘No clear evidence’ plan to send migrants to Rwanda will work, MPs say | UK News

The government’s plan to send migrants to Rwanda “appears to have gone unnoticed” by those attempting to cross the English Channel and there is “no clear evidence” it will work, MPs have said. The Commons Home Affairs Committee has also accused ministers of looking for “radical new policies that might make good headlines” and said … Read more

UK weather – live updates: Britons urged to stay indoors and NHS warns hospitals will be ‘really pushed’ as heatwave nears hottest point | UK News

‘I’ve been a meteorologist for 30 years and I’ve never see the charts that I’ve seen today’ – Paul Davies from Met Office Chief meteorologist at the Met Office Paul Davies has told Sky News he has never seen weather charts like those coming through today. Mr Davies also has an ominous warning that this … Read more

Labour challenges Nadhim Zahawi over tax and £26m business loan | Nadhim Zahawi

The shadow treasury minister, Pat McFadden, has written to Nadhim Zahawi, challenging him to provide more clarity about his tax and financial affairs. Since becoming chancellor after Rishi Sunak resigned earlier this month, Zahawi has faced persistent questions about his relationship to a Gibraltar-based firm, Balshore Investment, controlled by his parents. “As the custodian of … Read more

Red alert: UK set to roast in ‘ferocious heat’ as temperatures could hit above 40C and bring widespread disruption | UK News

Britons have been urged to stay inside as the UK braces for “ferocious” temperatures breaching 40C, and swathes of the country are now covered in the first-ever red warning for extreme heat. A national emergency has been declared amid the threat of severe disruption as schools close, hospitals cancel appointments and events are scrapped. The … Read more

Bank of England battle looms over deregulation plan set to prime City for ‘Big Bang 2.0’

A government plan to deregulate the City of London and foster a post-Brexit ‘Big Bang’ will trigger a battle this week with the Bank of England, which is seeking to defend high standards and its regulatory autonomy. A radical Financial Services bill, drawn up by former chancellor and Tory leadership contender Rishi Sunak, will be … Read more