Hopes of August rate cut fall after UK inflation stays at 2%

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

Mandatory housing targets at core of economy-focused king’s speech

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

UK interest rates will stay high unless service sector inflation falls, says IMF

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

The rich were led to believe they were different. Those days are numbered

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

Reliance on private sector investment could stifle Labour’s economic mission

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

The arrogant, reckless Tory government left behind a mountain of mess. In one week, we’ve begun to clear it

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

Labour will try to blame the Tories for tough spending decisions

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

Surprise growth boost for Labour as GDP rises by 0.4% in May

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

Debt, sewage and dividends: the rising tide of Thames Water’s troubles

In the second part of our focus on the water industry, we chart the decline of one of the UK’s major utility companies, now on the brink of restructuring or renationalisation

Rachel Reeves says the UK’s public finances are in a dire state – but here’s why I’m cautiously optimistic

The markets haven’t imploded, sterling is solid, and there is no flight of investors – and given the circumstances, the only way is up, says Guardian economics editor Larry Elliott

Labour will not boost military spend without economic growth, says minister

Comments come as PM begins two-day US visit to urge Nato member countries to increase defence spending

Keir Starmer has a plan to turn the populist tide – and Britain’s allies pray it works

The prime minister is welcome at Nato’s summit in Washington as a rare example of a leader who has won from the centre, says Guardian columnist Rafael Behr

What is the national wealth fund and what will it invest in?

A key pledge in the Labour manifesto, the fund was launched by the new chancellor, Rachel Reeves

Keir Starmer and Angela Rayner to kickstart new era of devolution

On fifth day in office, PM and deputy will meet England’s regional mayors as Labour draws up new bill for king’s speech

Less is more from Starmer and Reeves in contrast to Tory sound and fury

There’s been an energy to Starmer’s slumber and beneath the chancellor’s surface dullness there lies hope