Government brings British Steel under public ownership; UK economy grows 0.1% in May – business live

Rolling coverage of the latest economic and financial news Warnings for Andy Burnham are coming in thick and fast as he prepares to take up the Labour leadership on Friday. The chief executive of the CBI, Rain Newton-Smith, has said that there cannot be another “summer of speculation”, after Labour’s last two summers were dogged by leaks and speculation about what might come in Rachel Reeves’s autumn budgets. Better growth in our economy is good news and essential for boosting jobs and incomes. But despite welcome improvements, the outlook remains uncertain - and up and down the country too ma