Kemi Badenoch criticised by ERG chief and other Tories over ‘massive climbdown’ on retained EU law – as it happened

5.00pm BST

Afternoon summary

• Kemi Badenoch has come under fire from furious Conservative backbenchers, the opposition and the Commons speaker after defending the government’s U-turn on retained EU laws.

• Britain has supplied long-range Storm Shadow cruise missiles to Ukraine, becoming the first major western country to supply arms that could strike targets deep into occupied Crimea in a counteroffensive by Kyiv.

• TransPennine Express is to be run by the state after ministers announced that the failing rail company would not have its contract renewed.

• The Bank of England has raised interest rates by a quarter of a point to 4.5% as it forecast inflation would stay higher for longer than previously expected and the economy would perform more strongly.

• A female Labour MP has reported a shadow frontbench MP to the Metropolitan police, claiming he sexually assaulted her.

Sir Lindsey Hoyle, the Commons speaker, losing his temper with Kemi Badenoch. Photograph: ParliamentTV

Updated at 5.33pm BST

4.59pm BST

Here is John Crace’s sketch on Kemi Badenoch’s appearance in the Commons earlier.