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What’s at stake in the inflation debate?

Larry Summers and others have been sounding the alarm over inflation. But are fears overblown?

Public consent for test and trace in England at risk, says Jeremy Hunt

Scrap self-isolation for people fully vaccinated, former health secretary urges amid ‘pingdemic’ chaos

UK borrowing falls as debt interest payments jump to £8.7bn

As economy reopened, government’s budget deficit reached £22.8bn in June, says ONS

UK public services face cuts of up to £17bn, says IFS

Government on track to spend billions less than planned before pandemic, warns thinktank

Channel 4 chair criticises government’s ‘harmful’ privatisation plan

Charles Gurassa writes to Oliver Dowden to air concern over lack of transparency behind decision

Bank of England expert: tight policy not the right policy on inflation

Monetary policy committee member warns against choking off UK economy to combat inflation

Rishi Sunak weighs up moving budget to 2022 on back of Covid crisis

The economy is expected to reach crucial stage in fourth quarter as support for business winds down

Bank of England ‘addicted’ to creating money, say peers

BoE must be more transparent and justify use of quantitative easing, says Lords report

Millions of families receiving tax credit checks in effort to ‘end child poverty’

Monthly payments will close gaps in previous tax credit system, allowing the poorest families finally to benefit

Boris Johnson’s speech on ‘levelling up’ decried for lack of substance

Experts criticise lack of new policy while Tory MPs fear agenda may be little more than ambiguous phrase

Coventry yet to be convinced by Boris Johnson’s talk of ‘levelling up’

As PM visits city, most say phrase means little to them, although some point to recent investment

How does Boris Johnson plan to ‘level up’?

The PM’s plans have been described as rhetoric and the detail is sometimes vague, but here is what we know so far

Bank of England warns it could step in to curb rising inflation

Second member of monetary policy committee suggests UK stimulus could be curtailed in near future

Johnson calls for more devolution to boost ‘levelling up’ agenda

In Coventry speech, prime minister urges towns and counties to come forward with their ‘vision’

The Guardian view on slashing foreign aid: Britain is abandoning the desperate

Editorial: We will regret these contemptible and foolish cuts. Others will die because of them

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  • Oil and gas prices fall sharply, driven by hopes of strait of Hormuz reopening – business live
  • JD Wetherspoon issues third profit warning this year as costs climb
  • Cut borrowing costs for poorer countries to free up $900bn for development – report
  • Nine dollars for a Starbucks is an ‘affordable luxury’? CEOs need to wake up and smell the coffee
  • UK regulator launches review of ‘aggressive’ claims management firms amid compensation concerns
  • ‘Our competitors are everyone’: Joybuy leads ‘China’s Amazon’ into the UK
  • ‘RAMageddon’: is the era of cheap phones and laptops over?
  • Global finance watchdog warns over private credit industry fuelling AI boom
  • Wednesday briefing: How Trump’s attempt to reopen to strait of Hormuz brought war closer again
  • Gibraltar dumping all of its raw sewage into Mediterranean
  • Totally grounded? How the jet fuel crisis could change our holidays – and world history
  • Four in five Britons worried Iran war will make food more expensive, poll finds
  • Reinstate windfall tax on banks after surge in profits, TUC urges
  • Rubio insists US is ‘very fortunate’ as Iran war pushes gas price near $4.50
  • US Equal Employment Opportunity Commission sues NYT over bias claim
  • Two million airline seats cut amid soaring jet fuel prices
  • Stock markets are wobbling, but £10bn cash bids at fat premiums can still happen
  • Tell us: are you caught up in the NS&I lost funds issue?
  • UK 30-year borrowing costs hit highest since 1998 amid oil price surge and political uncertainty – as it happened
  • UK homebuyers face worst mortgage affordability since 2008, data shows
  • World ‘unprepared’ for next pandemic as countries fail to agree on sharing information, tests and vaccines
  • Rachel Reeves and Scott Bessent argued in person about Iran war, sources say
  • HSBC profits fall amid $400m fraud-related charge and Iran war
  • New threat to Labour spending plans as UK long-term borrowing costs hit highest level since 1998
  • UK electric car sales leap ‘could be hit by Iran war inflation and energy price rises’
  • Australians are poorer because of war on the other side of the world – Michele Bullock’s logic is hard to fault
  • Vodafone to take full control of UK mobile operator in £4.3bn deal
  • Reform UK’s immigration policies are a significant risk to the UK economy
  • ‘There is a good deal of fear’: what would a Labour leadership challenge mean for bond markets?
  • Concierge firm co-founded by queen’s nephew went on ‘ill-timed’ hiring spree before Iran war

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