Interest rate dilemma for central banks as inflation rises but growth slows The Federal Reserve, the ECB and the Bank of England appear unclear on how to tackle inflation amid the Iran war
A positive new report raises the question: was Reeves undermined by dodgy data? Assessment’s finding of a jump in UK productivity emphasises urgent need to appoint a national statistician
New UK cost of living crisis looms with soaring energy bills forecast to lift inflation Latest reading on Wednesday likely to frame scale of challenge for new PM to ease pressures on households amid Iran war fallout
The Guardian view on Japan’s yen: Trump wants to keep the easy-money machine running Editorial: A cheap currency helps finance the US tech boom. Washington is intervening because allies matter only when they are useful
UK heatwaves may have cost economy £4.4bn in lost output so far this year, analysis finds Verdant thinktank says cost could top £25bn a year by 2030 and calls for maximum temperature for working and urban redesign to cool down cities
Burnham vows crackdown on ‘rip-off’ business practices to ease cost of living First of PM’s ‘everyday fixes’ to be banning fake discounts and making it easier to cancel unwanted subscriptions
Britain is paying the price for failing to invest in its young people Alan Milburn has outlined a generation cut adrift by austerity. We must grasp the nettle and rebuild a preventive state
Andy Burnham to tour Britain in effort to reconnect government with public PM expected to announce policies to tackle cost of living and indicate intent to help improve country’s high streets
Private pensions are a publicly subsidised gift to the wealthy John Healey should equalise the tax break on pension savings to stop inequalities from widening
Union calls for robust review of OBR over fears it holds back economic growth TUC will urge John Healey to order ‘root and branch’ assessment of watchdog amid claims its forecasts downplay investment benefits
Bank battle: history suggests Burnham faces fight if he opts for windfall tax As lenders’ profits soar, calls grow for a levy to help new PM ease cost of living pressures on households
Labour members ‘have tougher view on welfare than you might think’, poll suggests Survey finds party members see health, the economy, cost of living and climate crisis among biggest challenges
Why Andy Burnham’s devolution pledge will be tricky to deliver Sharing income tax with England’s regional mayors could tackle inequality but many councils are ill-equipped for an enlarged role
Healey sets budget for late October, promising to ‘spread money and power’ around UK Chancellor will have to find money for Burnham’s policies while sticking to fiscal rules as borrowing costs rise
The Guardian view on ‘kidulthood’: Britain prices young adults out of independent life Editorial: More young people live with parents as low wages, insecure work and unaffordable housing turn family support into another source of inequality