UK taxpayers want higher levies on big tech companies, survey shows Two-thirds of respondents support increasing the 2% digital services tax for multinationals
Burnham ally to unveil ambitious plan to reverse decades of privatisation Exclusive: Productive State policy paper envisages state regaining control of basics to make life affordable, in fleshing out of Manchesterism
Burnham must be upfront about tax or risk spooking the bond markets Victory in Makerfield is propelling him towards No 10 but investors expect to know how he will fund his promises
Heathrow third runway GDP yield may be 90% less than previous estimates Department for Transport analysis suggests tiny economic boost would be outweighed by up to £62.5bn in trade-offs
Burnham brings in top economists before possible leadership run Labour mayor giving advisory roles to ex-Bank of England economist and others seen as attempt to reassure markets
Bank of England governor warns UK public to expect higher costs this year Andrew Bailey says ‘inflationary pressure in pipeline’ despite US and Iran signing initial peace deal as interest rates kept on hold
Farage trying to block ‘Britcoin’ plans that could be costly for billionaire donor Reform UK leader used private meeting at Bank of England to urge governor to drop plans for state-run cryptocurrency
Surprisingly benign UK inflation data signals a softer Iran war hit than feared Impact of war on UK cost of living more muted than first forecast suggesting fuel price rises have failed to spill out more widely across UK plc
‘Tax break tart’: hospitality tipped to exploit summer VAT cut on children’s meals As bosses ridicule the chancellor’s scheme, one venue is offering a £25 ‘kids’ menu of snails and anchovy butter toast
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