New UK cost of living crisis looms with soaring energy bills forecast to lift inflation

Latest reading on Wednesday likely to frame scale of challenge for new PM to ease pressures on households amid Iran war fallout

The Guardian view on Japan’s yen: Trump wants to keep the easy-money machine running

Editorial: A cheap currency helps finance the US tech boom. Washington is intervening because allies matter only when they are useful

UK heatwaves may have cost economy £4.4bn in lost output so far this year, analysis finds

Verdant thinktank says cost could top £25bn a year by 2030 and calls for maximum temperature for working and urban redesign to cool down cities

Burnham vows crackdown on ‘rip-off’ business practices to ease cost of living

First of PM’s ‘everyday fixes’ to be banning fake discounts and making it easier to cancel unwanted subscriptions

Britain is paying the price for failing to invest in its young people

Alan Milburn has outlined a generation cut adrift by austerity. We must grasp the nettle and rebuild a preventive state

Andy Burnham to tour Britain in effort to reconnect government with public

PM expected to announce policies to tackle cost of living and indicate intent to help improve country’s high streets

Private pensions are a publicly subsidised gift to the wealthy

John Healey should equalise the tax break on pension savings to stop inequalities from widening

Union calls for robust review of OBR over fears it holds back economic growth

TUC will urge John Healey to order ‘root and branch’ assessment of watchdog amid claims its forecasts downplay investment benefits

Bank battle: history suggests Burnham faces fight if he opts for windfall tax

As lenders’ profits soar, calls grow for a levy to help new PM ease cost of living pressures on households

Labour members ‘have tougher view on welfare than you might think’, poll suggests

Survey finds party members see health, the economy, cost of living and climate crisis among biggest challenges

Why Andy Burnham’s devolution pledge will be tricky to deliver

Sharing income tax with England’s regional mayors could tackle inequality but many councils are ill-equipped for an enlarged role

Healey sets budget for late October, promising to ‘spread money and power’ around UK

Chancellor will have to find money for Burnham’s policies while sticking to fiscal rules as borrowing costs rise

The Guardian view on ‘kidulthood’: Britain prices young adults out of independent life

Editorial: More young people live with parents as low wages, insecure work and unaffordable housing turn family support into another source of inequality

Bank of England holds interest rates at 3.75% as inflation fears mount

Split vote comes as Iran war is rekindled and oil price climbs close to $90 a barrel

Only the Middle East crisis is preventing a drop in UK interest rates

Bank’s wariness about inflationary pressures from the conflict lie behind decision to hold steady at 3.75%