Severn Trent chief proposes ‘social purpose’ water firms amid utilities crisis Liv Garfield seeks backing from Labour for reforms as government eyes temporary renationalisation of Thames Water
Labour MPs urge Keir Starmer to commit to nationalising water firms Exclusive: Thames Water crisis prompts call for rethink on party’s decision to ditch nationalisation policy
England’s water companies are ‘environmentally insolvent’, study says Firms are unable to raise £260bn to deal with sewage spillages according to researchers
Call for Thames Water inquiry after children fell ill after swimming in river Campaigners condemn pollution and shortages as government and regulator discuss possible bailout
Bank of England’s quantitative easing scheme let ‘inflation take root’ UK economy became reliant on cheap money due to the Bank’s actions, warns former permanent secretary to the Treasury
Government scheme to send asylum seekers to Rwanda will cost £169,000 per person, Home Office says – as it happened Home secretary says benefits of deterring irregular immigration should also be considered, as economic impact assessment published
Young adults pay heaviest price for Britain’s exploding mortgage timebomb Rising interest rates expose widening generational gulf, with millennials facing heavy increases in monthly payments
Governments advised to cut public spending or raise taxes to curb inflation Bank of International Settlements warns that economies, such as in the UK, need policies to cool price growth
UK government willing to ignore public sector pay review bodies, minister says Chief secretary to the Treasury confirms some recommended rises could be blocked despite prospect of strikes
Mortgage rise impact ‘will dwarf energy bills crisis’ for UK homeowners Tories warned about threat to middle earners as Labour increases lead among mortgage holders and Lib Dems target blue wall areas
Rise of the robots raises a big question: what will workers do? Rapid developments in AI are forcing managers and politicians alike to confront profound questions about the future of jobs
From Brexit to Beyoncé: why UK inflation is still so painfully high The cost of living is falling in Europe and the US but is still rising in Britain. We look at the major culprits
Who hires (and fires) the Bank of England governor? PM says he still backs Andrew Bailey despite criticism he has failed to take the right measures to curb inflation
Britain is the Dorian Gray economy, hiding its ugly truths from the world. Now they are exposed Our rulers painted false pictures of success while real wealth and wages withered away, says the Guardian columnist Aditya Chakrabortty
‘Shock and awe’ interest rate rise leaves Sunak’s cost of living pledge in tatters Bank raises base rate to 5% and is predicted to go to 6% as pressure grows on government to intervene