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
Rishi Sunak says he is ‘totally, 100% on it’ in battle against inflation – as it happened Prime minister says he knows people will be anxious about rate rise but ‘it is going to be OK’
Labour would not back subsidising mortgage holders, Starmer says Leader says there is no quick fix and there are problems with approach advocated by Lib Dems
Labour piles pressure on Sunak with plan to prevent ‘mortgage catastrophe’ Shadow chancellor Rachel Reeves says party would force banks to take a range of steps to protect borrowers
Jeremy Hunt tells Covid inquiry quarantining people sooner ‘might have avoided’ first lockdown – as it happened Former health secretary says understanding important of early quarantining could have helped prevent disease spreading
There’s only one way to tackle Britain’s mortgage meltdown – get the banks to cough up The big five owe the public for the 2008 bailout – and they are taking in enormous profits while many homeowners and renters struggle, says former chancellor John McDonnell
Wednesday briefing: How to solve the UK’s mortgage mess, as interest rates rise again In today’s newsletter: Rising inflation and interest rates mean real pain for homeowners – with few signs of relief on the way
Britain remains ‘wildly under-resilient’, Covid inquiry hears Oliver Letwin, who led emergency planning during coalition, says churn of ministers and officials is ‘disaster for country’
UK economy in growth ‘doom loop’ after decades of underinvestment Institute for Public Policy Research points to £500bn-plus underspend compared with other advanced economies
Mortgage ‘catastrophe’ will lose us the election, warn Tory MPs Members in marginal seats fear Conservative party leaders have not understood the impact of rate rises
UK homeowners face huge rise in payments when fixed-rate mortgages expire More than 2.4m deals are ending in 2024, raising fears of financial timebomb
Sunak should never have made his woolly inflation pledge The prime minister has set a target that was not in his power to deliver, and he ignored political convention to do so
UK has no choice but to raise interest rates to curb inflation, says Jeremy Hunt Chancellor gives unstinting support to Bank of England as households brace for borrowing costs to rise again
UK exports in last decade worse than any G7 country except Japan UN figures show value of British goods and services exports rose by 6% between 2012 and 2021, compared with 29.1% for EU