Lib Dems to urge Labour to drop ‘torpor and timidity’ on EU and rejoin single market

Exclusive: Ed Davey to make call ahead of 10th anniversary of Brexit vote, in strengthening of party’s position on EU

Is it bad that Elon Musk has a trillion dollars? Yes, and here’s why

Just as the ‘poverty line’ determines what’s required for basic living, we need a ‘wealth line’ to show when extreme wealth becomes harmful, says economist and philosopher Ingrid Robeyns

From Bloomsbury to Whitehall: new play reimagines life of John Maynard Keynes

The Standard of Living by James Graham traces economist’s influence on British politics and culture

How Brexit has made Britain poorer – in charts

Forecasters were wrong about an immediate recession but right that we would be worse off outside the EU

The case for Labour to introduce a wealth tax has never been stronger

A 2% levy on fortunes above £100m – with no exemptions – could begin to reverse decades of rising inequality

UK economy shrank by 0.1% in April as Iran war held back growth

GDP hit by higher energy prices caused by Middle East conflict, after 0.3% rise in March

Trump says ‘I love the inflation’ as rate rises to 4.2% amid Iran war pressure

Before the conflict began, inflation was at 2.4%, but the closure of the strait of Hormuz has affected energy prices

Top chefs back Andy Burnham for prime minister to cut VAT on hospitality

Tom Kerridge says ‘whole of hospitality’ should get behind Burnham who has called for VAT cut from 20% to 10%

UK companies opting to hire temporary workers over permanent staff, recruitment firms say

Report blames Middle East conflict and rising business costs for fragile jobs market and steep fall in recruitment

Rachel Reeves may be unpopular, but she is quietly rebalancing UK plc

Policy U-turns could define her stint at No 11 despite many sure-footed advances on devolved spending to help kickstart growth

Burnham pledges to review NICs increase and cut business rates for pubs

Labour candidate in Makerfield byelection says party has ‘got it wrong on small businesses’

Britain is a swamp of lies and disinformation – and we got here on the Brexit bus

Ten years after the vote, our economy is battered – and our national conversation darkens by the day. Still, there is reason for hope, says Guardian columnist Jonathan Freedland

UK government to pay £1.3bn to help fund Universal Studios theme park in Bedfordshire

Chancellor hails deal saying it will create tens of thousands of jobs in the construction, hospitality, creative and technology sectors

Orbán’s oligarchs on edge as Hungary poised to launch wealth tax

New PM Péter Magyar calls policy a sign of ‘social justice’ after years of political loyalty being rewarded with economic opportunity

Despite what the UK right will tell you, appeasing bond markets has actually led to instability

Austerity has benefitted bond traders but impoverished UK society and led to the rise of populism. Is it right that we carry on adhering to their interests, asks Guardian columnist Andy Beckett