IMF’s anti-tax cut stance may give Rishi Sunak cover to resist Tory right UK ministers will use improved forecast to claim plans are working – but IMF also urged more action to protect vulnerable people
Bank of England says inflation has ‘turned corner’ despite soaring food prices Governor optimistic over economic recovery but concedes Bank has ‘lessons to learn’ after forecast errors
Officials warned over accuracy after Jeremy Hunt tweet on public debt Exclusive: Statistics watchdog speaks to Treasury staff after chancellor conflates fall in debt with a less steep rise than first predicted
People in the UK aged 65 and over: share why you have started working again We’d like to hear from people in Britain aged 65 plus who have come out of retirement recently and taken up paid work
Rishi Sunak’s upbeat view on economy stokes claims he is out of touch On flight to Japan for G7, PM says ‘economic optimism is increasing’ and insists Brexit is working
Sunak must be firm. Ukraine’s fate will be decided by war and diplomacy – not by sanctions The western response has been blighted by stupidity, says Guardian columnist Simon Jenkins
The Guardian view on Britain’s industrial strategy: where is it? Editorial: Without one, the country risks missing out on the opportunities offered by the green transition and new technologies
The UK has a PR plan masquerading as an industrial strategy Britain says it has no need for Biden-style green subsidies as it has a thriving renewables sector. The complacency is staggering
UK will have to raise retirement age after election, minister says Work and pensions secretary says his successor will have to ‘grasp nettle’ of bringing forward rise to 68
Britain is in desperate need of radical ideas. So where are Labour’s? Railways, water companies and the NHS are in crisis – we need bold new policies to fix them, not Keir Starmer’s timid dithering, says Guardian columnist Simon Jenkins
Bank of England raises UK interest rates to 4.5% Latest 0.25 point hike marks 12th rise in a row as Bank battles stubbornly high inflation
Another UK interest rate rise was always nailed on but what happens next? Bank of England aware that impact of most rates rises has yet to be felt, meaning a pause is now probable
State to take control of TransPennine Express after continued poor service Northern rail network to be run by state-owned operator of last resort when contract expires on 28 May
1.5m UK homeowners on variable rate mortgages face new borrowing rise Poll of City analysts shows unanimous expectation of Bank of England raising interest rates to 4.5%
Rishi Sunak risks missing target to halve inflation, NIESR warns Leading thinktank sounds alarm over cost of living crisis with poorest £4,000 worse off in 2023 than before Covid pandemic