UK economy grew by 0.1% in May despite impact of Iran war

Rise in GDP follows a 0.1% decline in April, figures from the Office for National Statistics show

Burnham must learn from Starmer’s mistakes: Labour was elected to transform the economy, not just stabilise it

Devolution, tax, the EU and immigration: these are all opportunities for growth if Burnham abandons the excessive caution of the past few years, says economist Jonathan Portes

Andy Burnham signals a wealth tax is off the agenda for now

Incoming prime minister says he doesn’t want to ‘create new divisions’ as Mahmood is tipped to be chancellor

Labour should ditch triple-lock pensions promise, says OECD

Organisation’s experts say pledge puts pressure on UK public finances and ‘adds significant fiscal risks’

Labour must stop just writing a cheque for benefit claimants, says McFadden

Exclusive: Work and pensions secretary signals possible reform to welfare as ministers await key reviews

North Sea oil industry urges Burnham to approve new drilling in UK waters

Lobby appeals to prospective PM’s reindustrialisation agenda as it pushes for Rosebank and Jackdaw approval

The Guardian view on Volkswagen’s crisis: another wake-up call for Germany and the EU

Editorial: Robust action is needed to protect European industries from unfair competition. The alternative is social strife amid growing insecurity

Labour MPs call for Andy Burnham to restore aid spending target set by Brown

Thinktank urges prospective prime minister to reclaim UK’s role as an international leader on development

Here’s how Andy Burnham can finance a reindustrialised Britain – without doing a Liz Truss

Britain’s PM-in-waiting is right that the country has been failed by 40 years of neoliberalism. There will be obstacles, but he must embrace the radicalism, says Guardian columnist Larry Elliott

Andy Burnham urged to scrap income tax and NI in radical fiscal overhaul

Economists including Jim O’Neill write open letter calling for single levy to replace six key taxes to raise money for public services

Invest in Britain or I’ll force you to, minister tells pension funds

Business secretary Peter Kyle says asset managers should feel a patriotic duty to make the UK a success

UK Treasury yet to do due diligence on finding extra money for defence

How to hit the 3.5% of GDP spending promise made to Nato would be a matter for the next prime minister, MPs told

Almost no progress made on UK regional household income divide in 30 years, report finds

Despite promises of successive governments, gap between richest and poorest areas consistent since 1997

Act soon to change ‘unsustainable’ direction of UK debt, OBR warns

Forecaster says curtailing rising costs such as health and pensions ‘are today’s challenge, not just tomorrow’s’

The EU that the UK left no longer exists

Andy Burnham’s rise has stoked talk of the terms for a future British return – but this is the wrong question, says political risk analyst Mujtaba Rahman