Jeremy Hunt ‘poised’ to U-turn on energy bill support; oil falls on reports UAE considering leaving Opec – as it happened

Britain's energy suppliers have been told by officials to prepare two sets of bills for next month, with Treasury expected to maintain support for longer

• Full story: UK suppliers expect government U-turn on planned cut to energy bill support

The Economic Affairs Committee of the House of Lords has launched an inquiry into how the Bank of England's operational independence was functioning.

The committee plan to examine the BoE's Role and remit, its governance and culture, and the level of accountability for its actions.