New PM says no prisoners will be released under the policy until there is an urgent review of scheme

Kemi Badenoch is speaking in central London at the moment and is expected to say that Andy Burnham is “still thinking like the mayor of Manchester”.

“Going by what he’s announced so far, Andy Burnham’s ambitions for Britain are too small,” she was expected to say.

My message to British businesses is quite simple: to British businesses, to British innovators, to British investors: I will back you as your Chancellor, and I’ll back you in financial services, in technology, in retail, in industry, in all parts of the economy.

I’m just as concerned about the cost of business as I am about the cost of living.

Secretary general António Guterres tells security council the Middle East is being pushed to the ‘edge of the unimaginable’ amid latest threats from Donald Trump

• Trump says he is close to decision on largest-yet attack on Iran

Earlier in the US day, before Iran’s Revolutionary Guard said it had stopped three oil tankers from passing through the strait of Hormuz, Donald Trump issued this threat on his Truth Social platform:

From this point forward, any time the Islamic Republic of Iran shoots at a ship in the Strait of Hormuz, whether it be by Missile, Rocket, Drone, or any other device or weapon, the United States will bomb and destroy ONE BRIDGE OR POWER PLANT, including those located next to, or in, the Capital City of Tehran.

Brad Sherman, US representative from California, said Congress should approve agreement only if ‘gold-standard safeguards’ are included

• US signs landmark nuclear deal with Saudi Arabia

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A reminder that my colleagues are covering the latest out of the Middle East at our dedicated live blog.

Donald Trump took to Truth Social a short while and noted that the US will destroy one bridge or power plant, including those near Tehran, “any time” that Iran “shoots a ship” in the strait of Hormuz.