Labour MPs press Keir Starmer to set out ‘wealth tax’ plans

Leader under pressure to commit to higher taxes for super-rich as Tory government prepares spending cuts

Bank of England warns of longest recession since the 1930s

Interest rate rise to 3% is biggest since 1989 and fears UK economy may go into longer, deeper recession

Charities back UN envoy’s warning on further UK austerity

UN rapporteur’s concern is ‘wake-up call’ for Sunak government considering cuts to benefits

Interest rates likely to jump as markets await Bank of England decision

Analysts believe a 0.75 percentage point rise is likely, potentially the biggest hike in the base rate since 1989

Scotland’s finance secretary unveils another £615m of spending cuts

New reductions announced by John Swinney will hit healthcare, education and justice

The UK economy is about to be thrown into a black hole – by its own government

It fits the definition of madness to propose more austerity. But that, along with higher interest rates, is what’s coming, says Guardian economics editor Larry Elliott

‘I can’t work in the office safely’: the over-50s leaving the UK labour force

The number of economically inactive 50- to 64-year-olds has shot up. Some can simply afford to retire – but many have long Covid or other health issues

UK manufacturing faces deep recession as output slumps

Factory output likely to fall further as consumers’ real incomes are hit by inflation, economists say

BP declares £7bn profits while energy bills soar? It’s time to start taxing shareholder payouts

Closing tax loopholes would redirect more of BP and Shell’s bumper profits, says Joseph Evans of the IPPR

Extend UK energy price cap to hold inflation back, thinktank says

IPPR says cap for longer than six months would aid growth and allow more to be spent on public services

Rishi Sunak preparing years of tax rises to plug £50bn fiscal black hole

PM set to hike taxes across the board to repair nation’s finances after Liz Truss’s disastrous mini-budget

Climate crisis battle an ‘opportunity’ for working people, says Starmer

Labour leader sets out industrial plan including £28bn-a-year investment strategy at SME4Labour dinner

Taxes must rise to plug £40bn black hole in Sunak and Hunt’s budget

There’s limited scope for further spending cuts so the PM and chancellor must surely look to higher taxation to repair damage done by the mini-budget

Voters choose Sunak’s Tories over Labour to repair economy, new poll reveals

Rishi Sunak’s arrival in Downing Street is already helping to rebuild the party’s reputation for financial management

Tories have ‘crashed the economy’ says Starmer amid calls for election

Labour leader says people already paying the price for government mistakes, with cuts and tax rises ahead