Businessman and Labour donor John Mills has told the BBC Jeremy Corbyn's landslide victory was an "overwhelming" result and the left-winger had "changed the dynamics of the Labour Party very substantially".

But Mr Mills wasn't without concern. He said it was important for the party to unite and avoid "sectarian disputes" and internal splits.

House of Commons
Parliament

House of Commons
Parliament

In her first act as shadow business secretary, Angela Eagle (previously shadow Commons leader) responds to the Trade Union Bill on behalf of the opposition. She declares herself to be a "lifelong and proud" trade unionist.

"I believe that the right of trade unions to exist and represent their members at work is a key liberty in any democracy," she adds - before expressing her "dismay" at the legislative proposals.

House of Commons
Parliament

Business Secretary Sajid Javid has been making quite slow progress in his opening speech on the bill, as he takes lots of interventions from - mainly Labour - MPs. But it looks like he's reaching his conclusion. He tells the House:

Downing Street says Jeremy Corbyn intends to accept the invitation to join the Privy Council, becoming a formal adviser to the queen.

The PM's official spokeswoman said she "understands" the Labour leader's office has indicated "he intends to accept and they will write to confirm that". 

The role will give him the title "Right Honourable". The PM's spokesman was unable to say if the induction process requires him to kiss the Queen's hand.

The CBI has given its response to the new-look Labour Party. Director general John Cridland said members of the CBI "look forward to working with" Jeremy Corbyn.

“The country needs a strong opposition, and businesses will want to see the new Labour leader and his team supporting a pro-enterprise agenda that will spur growth and create jobs up and down the United Kingdom,” he said.

Congratulating John McDonnell on his shadow chancellor appointment, Mr Cridland added:

The government is proposing a minimum 50% turnout in strike ballots - with public sector strikes also requiring the backing of at least 40% of those eligible to vote. Under current rules, strikes can be called if the majority of those taking part in a ballot vote in favour.

The bill will also:

• Double the amount of notice unions have to give before a strike can be held - from seven to 14 days
• Allow employers to use agency workers to replace striking staff
• Introduce fines of up to £20,000 on unions if picketers do not wear an official armband
• End the so-called check-off system for collecting union subs direct from a salary

The proposals would apply to unions in England, Wales and Scotland.

House of Commons
Parliament

Business Secretary Sajid Javid is taking several interventions from Labour MPs who are critical of the bill. Defending the package of measures, he says it is about "democracy and accountability". It is not an attack on working people or the unions, he insists, but "the latest stage in a long journey of modernisation and reform".

House of Commons
Parliament

Communities questions is over, and the Trade Union Bill debate is about to kick off. Speaker John Bercow says there are a lot of MPs wanting to take part in the debate and time limits on speeches will have to be introduced.

Business Secretary Sajid Javid opens on behalf of the government. He notes the new faces on the Labour front bench - including Jeremy Corbyn. who is wearing a tie (not a common sight!). Paying tribute to Mr Corbyn, he says they both share the aim of wanting to make the world a better place - but he notes they have very different ideas of the best way to do this.

Image source, PA

A little after 15:30 BST, MPs will get their first chance to debate proposed reforms to trade union laws. The government wants to impose a minimum 50% turnout in strike ballots - with public sector strikes also requiring the backing of at least 40% of those eligible to vote. Ministers say it'll stop "endless" threats of action, but critics say it is an attack on the unions. A vote on the bill will be taken this evening - with Labour, the SNP and the Lib Dems to oppose it. Expect the debate to get a little heated... 

Tim Donovan
BBC London, Political Editor

Within a very short time it's become clear that the nature of the post-leadership election Labour team will mean policy shifts which soon make themselves felt in London.

The appointment of John McDonnell as shadow chancellor will do more than send tremors through the City.

It signals an immediate change in Labour policy towards aviation, guaranteeing a stance firmly opposed to a third runway at Heathrow.

The party had previously broadly accepted the independent Davies commission's recommendations of expansion at Heathrow, subject to conditions on noise and air pollution being met.

More here.

The Daily Politics

Ken Livingstone said Labour would not repeat the mistakes of Ed Miliband and Ed Balls. 

The former London mayor spoke to Jo Coburn about the change in direction for the party under Jeremy Corbyn, and why he thought Labour lost the 2015 general election. 

He said: "People like myself on Labour's national executive were trying to persuade Ed Miliband and Ed Balls to adopt the strategy that Jeremy is advocating now. They refused. They lost the election. We are not going to repeat that mistake."