Tory fury as ministers axe key levelling up pledge to move civil servants from London Offices in Birmingham and Newcastle said to no longer align with strategic requirements
Sunak pledges to keep to pension triple lock despite signs of extra £10bn cost PM says he is comfortable with full uplift on state pensions, which cost the taxpayer £124bn this year
Scottish public spending deficit falls as oil revenues hit record high Both sides of constitutional debate use Gers data to argue case for and against independence
UK inflation falls sharply to 6.8% as cost of living pressures ease Lower energy costs behind drop in annual rate in July, as wage increases finally overtake price rises
Trade deficit in danger of being sidelined in UK’s fight against inflation Only serious, long-term business investment will help structural problems and inequalities
Let’s stop kidding ourselves we’re a rich nation and get real… the UK’s gone bust Britain depends on the kindness of strangers to get by in the world. It doesn’t have to be like this
UK economy grows faster than expected after surprisingly strong June GDP increases by 0.2% in April to June on back of recovery in car manufacturing, says ONS
Housebuilder Persimmon cuts almost 300 jobs after drop in demand Company to push ahead with cost-cutting drive as fallout from government’s autumn mini-budget takes toll
Risk of UK recession at next general election is 60%, says thinktank Economic experts say it will take until third quarter of 2024 for output to return to pre-pandemic peak
Labour’s shared values with Democrats will aid UK-US trade deals, says shadow minister If both parties win election next year, their ideological closeness would make them strong allies, says Nick Thomas-Symonds
Bidenomics lessons: Labour looks to Democrats as it prepares for power Flagship US programme offers blueprint for Rachel Reeves, in echo of policy cooperation in era of Clinton and Blair
HSBC executive apologises for calling UK weak over China Sherard Cowper-Coles claimed British government was bowing to US demands in dealing with Beijing
Why the US will break out first from the low-growth trap Western economies must adopt industrial strategies, boost R&D and exploit new tech to prosper – Americans realise this better than Europeans
Hunt’s warning to Tories: stick with me or look as chaotic as Johnson Chancellor looks safe for now despite speculation, but calls for change may get louder as general election looms
The Guardian view on high interest rates: losing the race against time Editorial: Britain’s 14th successive rise signals a grim 2024 for the economy and for Rishi Sunak’s government