Tax super-rich on private jet travel to fund public transport, says UK charity Campaign for Better Transport calls on government to make wealthy pay for ‘hugely damaging’ private flights
In 2022 Liz Truss tried to bin economic orthodoxy – but what is it? Rishi Sunak soon rowed back from his predecessor’s chaotic experiment, reasserting the seven pillars of UK Treasury wisdom
Chuka Umunna advises Czech tycoon accused of Royal Mail plot Ex-Labour MP and former critic of privatisation risks claims of hypocrisy over advisory role with Daniel Křetínský
The Guardian view on charities and the cost of living crisis: overwhelming needs Editorial: As more and more people struggle with food and heating bills, the danger is that the services supporting them will collapse
UK rail system described as ‘broken’ as 2022 data reveals extent of disruption Delays and cancellations linked to 20 years of privatisation, rising costs and labour shortages worsened by pandemic, say experts
The pendulum swung against globalisation in 2022 – and that’s no bad thing Climate crisis, Ukraine invasion and China-US tensions are challenging assumption free markets are best
UK government looks to lure early retirees back to work, reports say People who quit during pandemic may be offered ‘midlife MOT’ as way to address labour shortage
Sunak faces pressure to help older people return to work after ill health Experts say cuts to public services and NHS waiting times could be contributing to UK worker shortage
Freeze on alcohol duty to be extended to help UK hospitality industry No increases until August 2023 despite Jeremy Hunt’s first full budget being scheduled for 15 March
Elon Musk’s Twitter poll says he should step down as chief executive – as it happened Elon Musk says he will honour the results of a Twitter poll asking whether the should resign as head of the social media platform
The Guardian view on City reforms: banks need more regulation, not less Editorial: Britain’s departure from the EU should have led to a rethink of the country’s stagnant economic model. Instead ministers want to entrench it
Sunak and Hunt face a rerun of the 70s’ winter of discontent. It didn’t end well then Ted Heath and Jim Callaghan paid a big price for taking on the trade unions, and once again voters are blaming the politicians
Bank of England raises interest rates to 3.5% in ninth increase in a year Majority of MPC rate-setters back hike of 0.5 percentage points despite fears UK is entering a long recession
Scotland to spend extra £1bn on health by raising taxes on higher earners Scottish government promises to tackle health and social care crisis to protect weakest and poorest
Interest rates: UK borrowers are facing a serious reality check Latest Bank of England rise offers little hope to generation of homebuyers weaned on ultra-cheap mortgages