Rishi Sunak’s £10bn handout risks fuelling inflation, warns IFS – live updates

Kwarteng closing in on blocking Chinese takeover of Britain’s biggest microchip company Davos elites fear ‘Volcker Moment’ as central banks draw their swords The FTSE 100 opens flat ahead of energy bill support Ben Wright: Beware the unintended consequences of a windfall tax Sign up here for our daily business briefing newsletter