S&P 500’s worst day since May; CO2 shortages threaten UK meat supplies; record gas prices – as it happened

Energy price crisis and worries over contagion from China's Evergrande property giant have hit the markets

• Latest: Wall Street slides amid Evergrande, Fed and growth worries
• Meat producers warn of supply problems from CO2 shortages
• Crisis at China's Evergrande spooks investors
• Kwarteng says energy price cap remains in place
• Energy market crisis: what caused it and how does it affect my bills?

Political reaction to the energy crisis is rolling in.

Foreign Office minister James Cleverly has said the Government wanted energy firms to stay afloat organically".

Ultimately, what we want to do is to ensure that they stay afloat organically.

Businesses should stay afloat through their own efforts, ideally. What we want to make sure is that we protect the integrity of our supply, we protect consumers, both commercial and residential, and we will discuss with the industry the best way of doing that.