Lloyds predicts drop in defaults on loans and mortgages as UK economy improves

Bank sets aside just £44m for bad debts and defaults in second quarter amid upbeat outlook

Reeves hints public sector workers could get above-inflation pay rises

Independent pay review bodies for teachers and NHS staff have reportedly advised increases of about 5.5%

The meaty king’s speech heralded several striking and radical departures from the Tory years that came before

Health professionals argue inequalities, crisis in NHS and pressure in care homes leave Britain vulnerable

Treasury says it has received worst postwar inheritance as figures reveal £14.5bn deficit in June

Interest rate cut hangs in balance after ONS figures show annual pay growth eased to 5.7% in three months to May

PM announces taskforce to deal with child poverty, but refuses to commit to scrapping the two-child benefit cap

‘Taylor Swift effect’ on hotel prices partly blamed for UK inflation defying forecast drop

Planning reforms and transport policies included in package of more than 35 bills as Labour prioritises growth

Warning comes as Bank of England policymakers say price growth in service sector could become embedded

Wealth is a privilege, and with it comes the obligation of paying tax to benefit society

In the rush for growth, the cabinet has hit the ground running; but a temporary boost to public borrowing may be the only way to get quick results

We are embarking on the hard graft of making people’s lives better – and we will fight every day to restore hope, says prime minister Keir Starmer

Party leadership plans to stay in campaign mode and make sure public is aware how much ex-government has tied its hands

ONS figures show gross domestic product rising faster than predicted after flatlining in April