Rachel Reeves planning to raise taxes and cut spending in October budget Chancellor insists she still has large black hole to fill despite stronger than expected growth in first half of 2024
Labour’s autumn budget must reverse ‘decade of decline’ in UK infrastructure Economy held back by ailing transport network, with poor roads adding to logistics costs, say manufacturers
GDP growth is strong but it masks UK plc’s deep-seated structural problems Rachel Reeves must show how the Tories failed to tackle longstanding productivity, investment and trade deficits and stress how Labour can
Labour is fast discovering that Britain needs more than a Band-Aid to restore it to health The country faces grave and deep-seated problems that only bold – and expensive – policies can address
The Observer view on growth: Labour must be prepared to spend Public sector pay rises are vital, but raising the revenue to pay for them will be difficult unless fiscally conservative policies are lifted
‘A big ask’: can Labour fix Britain using modern supply-side economics? Turning to a theory championed by the US Treasury secretary, Reeves aims to upskill the workforce while boosting productivity
RBA downplays role of government spending in stoking inflation Governor Michele Bullock cites consumer spending and China’s slowdown as bigger influences on Australia’s economic trajectory
The Guardian view on Scottish politics today: the SNP is down but it is definitely not out Editorial: Labour commands the field, but its general election success is unlikely to be repeated in the 2026 Holyrood contest
UK economy continues recovery from recession with GDP growth of 0.6% ONS data shows strong performance in second quarter with the service sector helping drive growth
Does strong economic growth so far in 2024 bode well for Rachel Reeves? Don’t count on it GDP growth juddered to a halt in June, backing theory the rebound is weak. The next six months could be tough
The Guardian view on Labour’s economic message: blaming the Tory legacy isn’t enough Editorial: Without a clearer sense of a national destination, the prime minister risks being cast as an agent of continuity instead of change
Reeves should nail down UK AstraZeneca deal. A collapse would be embarrassing Chancellor hopes to cut state aid for Speke vaccine plant to £40m. But pro-growth Treasury must not let project slip overseas
Liz Truss leaves stage over ‘I crashed the economy’ lettuce banner Former PM says ‘that’s not funny’ when remote-controlled banner is unfurled behind her at event in Suffolk
UK unemployment falls as wages growth hits lowest in two years Rachel Reeves says there is more to do in supporting people into employment and she will take action in budget
Jobs market uncertainty causes headache for Bank of England rate setters While the overall economic picture looks relatively benign, deep structural problems remain