Trump’s trade war put the UK on the back foot. His actual war may break us

The government looks ill prepared for the coming stagflation storm – its ‘keep calm and carry on’ approach won’t survive a blast of reality, says Guardian columnist Larry Elliott

Starmer calls for ‘ambitious’ new UK-EU ties as Trump threatens to quit Nato

PM to focus on European defence and economic partnership for ‘dangerous world’, in pivot away from US

Energy crisis: why ‘keep calm but cut down’ may be a better message for Labour

Government keen to avoid panic as oil price surges, but perhaps households need advice on reducing consumption

War in Iran erodes the chancellor’s headroom and exposes the UK’s fragility

Rachel Reeves boasts of the £23bn she has built up against her fiscal rules but now she – or any future steward of the economy – has little space to manoeuvre

UK government borrowing costs hit 5% as Iran war fuels bond market sell-off

Yields on 10-year debt reach highest since the 2008 financial crisis, raising concerns of faster interest rate rises

Governments controlling prices? It has long been unthinkable – but may now be inevitable

In Mexico and Spain, leaders who have capped public costs have been rewarded at the ballot box. As another cost of living surge arrives, it may be a policy our leaders are unable to resist, says Guardian columnist Andy Beckett

War on Iran ‘making us all poorer’ but RBA may need to hike interest rates again, official warns

Comments come as the Albanese government said it would back an ‘economically sustainable’ above-inflation minimum wage rise

‘Doge of the left’ could save UK taxpayers up to £30bn, says new green thinktank

Report by Verdant says rooting out waste, fraud and tax avoidance would save money that could help improve public services

UK inflation held at 3% before global energy price hit from Iran war

February annual rate in line with expectations, but Food and Drink Federation fears it is ‘calm before storm’

UK politics: Reform UK suspends mayoral candidate after he described Jewish security group as ‘cosplayers’ – as it happened

Labour and Liberal Democrats welcome suspension of Chris Parry, the party’s Hampshire mayoral candidate, after derogatory remarks about Jewish group

Reeves slips into yoga voice to try to soothe fears over costs of Trump’s war

The chancellor was meant to set out her contingency plans but it was an announcement without any announcements in it

Rachel Reeves rules out universal support on energy bills

Chancellor says package offered by Liz Truss’s government was unaffordable and any future help will be targeted

Starmer says ‘every lever’ will be explored to ease rising costs of living from Iran conflict

PM will chair Cobra meeting with key ministers and Bank of England on Monday, as experts warn of economic shock

‘You can feel it’: South Yorkshire revival gathers pace as new industries move in

From steel to screen, podcasts to defence, Sheffield’s economy is diversifying amid a wave of new investment

Trump’s economic shocks are derailing Britain’s building plans

With major developments collapsing, pressure is growing on councils to concede on affordable housing and public amenities