How Trump’s bill will supercharge mass deportations by funneling $170bn to Ice Critics warn the staggering sum dedicated to the agency in the bill will threaten humanitarian protections and disrupt the economy
Where does the welfare bill climbdown leave UK public finances? With £6.25bn in planned savings now shelved, the government faces awkward choices on how to plug gap
Labour could find the money it wants without raising taxes. This is austerity by amnesia Starmer and Reeves need a fresh approach to enact their vision, and I have a plan for that, says Randeep Ramesh, the Guardian’s chief leader writer
Rachel Reeves must rethink how tax and spend decisions are made after welfare U-turn Binary rules and twice-yearly OBR forecasts have turned chancellor’s moves into grim spectator sport
Reeves expected to freeze income tax thresholds to raise funds after welfare U-turn Government’s concessions over welfare cuts leave chancellor with a growing hole in her budget
As Starmer unveils his 10-year plan, here’s my advice: don’t fall into the Joe Biden trap The ex-president spent billions reforming the US economy for the long term – but the Democrats lost. Labour must learn that prices in the here and now matter too, says the IPPR’s Sam Alvis
Reeves calls for Middle East de-escalation amid oil price fears Government announces plan to cut firms’ electricity bills as part of launch of its industrial strategy
UK industrial strategy: the key points – and what’s missing? Plan to drive growth in eight sectors through measures such as trade support and cutting energy prices
‘Billionaires’ bonanza’: Labour derides Reform plan to offer tax exemptions to wealthy Nigel Farage defends policy to top up poorest workers from £250,000 ‘landing fee’ on rich UK newcomers
Reeves may need to raise taxes by £20bn in autumn after UK borrowing rises May figure second highest for month on record amid fears chancellor is struggling to keep within spending rules
Bank’s rate decision leaves frustrated Reeves praying for an August cut Lower interest rates will be a lever for growth but the Middle East conflict and rising food prices will have troubled MPC
Policymakers who think AI can help rescue flagging UK economy should take heed Healthy scepticism is needed because flaw is that large language models remain prone to casually making things up
Reeves braced for OBR forecasts to blow £20bn hole in tax and spending plans Downgrades by Treasury watchdog could force chancellor to raise taxes or cut spending at budget to meet fiscal rules
There hasn’t been a ‘big chancellor’ since Osborne: IFS chief gives final mark As he steps down after 14 years, Paul Johnson says politicians and voters refuse to accept economic tradeoffs
Does Labour’s spending review signal a return to austerity? Rachel Reeves is increasing overall budgets after deep Tory cuts, but some departments face bigger spending cuts than others