Latest updates: Deputy PM says she is not going to get into hypotheticals when challenged over potential spending cuts

The number of working-age adults in Britain who are not in the jobs market because they are long-term sick has increased to a record high, official figures show. My colleague Richard Partington has the story here.

The IFS report is not the only fresh blow to the credibility of the mini-budget around this morning. As my colleague Richard Partington reports, the Bank of England has stepped in with another emergency intervention in the markets in an attempt to stave off a “fire sale” of UK government bonds by pension funds.

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