‘Bizarre choice’: business and Labour puzzle over Shabana Mahmood as future chancellor
‘Bizarre choice’: business and Labour puzzle over Shabana Mahmood as future chancellor The home secretary, favourite to take over at…
UK economy grew by 0.1% in May despite impact of Iran war
The Iran war pushed up the price of petrol and other energy costs. Photograph: Andy Rain/EPAView image in fullscreenThe Iran…
Labour has abandoned the missions that brought it to power. Here’s how Burnham could revive them. | Mariana Mazzucato
Every £1 of public money spent on net zero delivers between £2.20 and £4.10 in return. Photograph: Robin Weaver/AlamyView image…
Heathrow third runway GDP yield may be 90% less than previous estimates
Environmental campaigners protesting in London against the proposed Heathrow expansion. Photograph: Leon Neal/Getty ImagesView image in fullscreenEnvironmental campaigners protesting in…
Bank of England keeps interest rates at 3.75% as Iran conflict weighs on economy
The Bank’s cautious approach contrasts with the European Central Bank’s decision to raise rates in the eurozone last week. Photograph:…
UK unemployment rate falls to 4.9% and wages grow more than expected
Fears have grown that employers will lay off staff to cope with rising costs from the war in Iran. Photograph:…
Lib Dems to urge Labour to drop ‘torpor and timidity’ on EU and rejoin single market
Ed Davey: ‘My message to Andy Burnham, to Wes Streeting – to whoever the next prime minister may be –…
UK economy shrank by 0.1% in April as Iran war held back growth
The data will underline fears that the UK economy will contract in the second quarter of the year. Photograph: Bloomberg/GettyView…
Bank of England’s Bailey says no rush to raise interest rates amid Iran war uncertainty
The Bank of England is covered in scaffolding during a renovation. Photograph: Amer Ghazzal/ShutterstockView image in fullscreenThe Bank of England…
UK risks £125bn hit a year from youth unemployment, landmark report says
People attend an employment fair. Young people are bearing the brunt of UK unemployment being at the highest levels since…