"It's having a real impact, not only on the businesses, but on the people they employ and us as consumers." Kate Nicholls, our Chair @UKHospKate, speaks to @BBCNews about the impact cost increases coming into effect today will have on hospitality businesses, teams and consumers.

Number 10 North is driving the largest devolution of power to London's communities we've seen in a generation. By granting London the ability to invest potentially billions of pounds more in our future, it will help unlock transformational infrastructure projects such as the West London Orbital, the Bakerloo line extension and Euston knowledge quarter. A true devolution revolution. cityam.com/london-to-get-bak…

This Budget is the start of a new energy pathway that the 10 Year Plan will build on. The priority is to bring energy costs down to help British business to compete, and British households to cope. And cheaper electricity will boost electrification, increasing our energy security and helping to decarbonise the whole economy. What does this mean? First, it means a focus on levies and policy costs on bills. The Conservatives added £100 to everyone's bill via levies in their last decade in power. Labour has cut £150 from bill costs already. But today, John Healey has drawn a line in the sand, with the announcement that we will add no new costs to energy bills, with a comprehensive cost control framework to follow at the spending review. The Chancellor is also junking plans, first set out by the Tories, to add on up to around £10 a year on bills to pay for hydrogen projects. Second, it means taking account of the interaction between the pace of grid build-out and the pace at which renewables are added to the grid. The NAO have said that investment in expanding the transmission network declined in real terms between 2016 and 2020, just when it was clear that more intermittent power meant we would need more capacity. It is now forecast to rise to over £10bn a year. But with growing constraint and distribution costs, it's right that the system costs of all new power are considered. That is why we will only procure clean power through AR8 (the next auction round) if we are confident it will lower bills. And we will reform the contract for difference by AR9 to support building the lowest cost system, fixing market distortions and siting assets in the right place. The evidence is clear, clean power is an essential part of the route to cheap power, and the overall approach of seeking to get ourselves off the gas-price rollercoaster to the right one. Gas is setting the electricity price less and less every year. If it wasn't for adding renewables to the grid in recent years then the current Iran price shock would have been worse for families and businesses. The Conservatives and Reform's ideological anti-renewables approach is the wrong one and fails in the face of evidence on how to protect bill payers from shocks and the need to make ourselves less reliant on foreign dictators. We'll take a pragmatic approach to get bills down. Getting electricity prices down, ensuring new clean power does not run ahead of the grid, is also the credible route to reaching our net zero goals. The decarbonisation that we want to enable in our homes, on our roads and in our businesses, is six times larger than that still to be achieved from getting to a clean grid. Unless we make electricity cheaper relative to other energy sources, we will struggle to increase adoption of EV and heat pumps.

Andy Burnham rules out having a general election in the next 12 months. (He previously just said there wouldn't be one soon). “I’m not thinking about my own party and its prospects," he tells reporters.

BREAKING The OBR suggests that successive increases in the national living wage and the employment rights act will hit jobs It says the employment right act will have a ‘negative economic impact’ and hit businesses through ‘increased uncertainty, lost flexibility and higher Labour related costs’ It says that these will ‘more than offset’ any potential increase in productivity

Pubs, cafés, restaurants and shops are at the heart of our communities. We’re giving them more breathing space, with 70,000 more retail, hospitality and leisure businesses paying no business rates from April 2027.

Milburn and Timms to both publish next month, with a response by the end of the year, and White paper and legislation next year. Clarity on the timetable, but decisions on welfare not for today.

Chancellor John Healey says his Budget is for "the working people of Britain, for British businesses big and small" He says it will give Britain "some breathing space on cost of living and cost of business" Follow live: bbc.in/3VZCRUe