No 10’s refusal of emergency budget shows Tories have lost control of economy, says Labour – as it happened

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Earlier this year Jacob Rees-Mogg, the Brexit opportunities minister and one of the most hardline Brexit enthusiasts in the government, tried to persuade colleagues to get the government to commit to getting rid of all retained EU law within four years. He proposed a June 2026 sunset clause", which would mean all remaining EU regulations (the ones imported into UK law after Brexit) would cease to apply beyond that point, unless an active decision had been taken to retain a UK version.

As my colleague Aubrey Allegretti reported at the time, Rees-Mogg failed - one official said the goal was impossible" - and instead Rees-Mogg announced the creation of a dashboard allowing voters to monitor what EU laws were still in place.