In today’s newsletter: Critics say the OBR’s growing influence has outpaced its accountability, raising questions about whether it serves the public, the Treasury, or the markets
A viral essay has caused outrage in the US with its argument that the poverty line for a family of four is now $136,500. But is this so wrong, asks Arwa Mahdawi
Labour backbenchers have been cheering it as a win for the most vulnerable in society. In fact it was aimed at the bond markets, says Guardian columnist Aditya Chakrabortty
Editorial: The government is trapped between Labour’s instincts and bond traders’ demands. Sensible fixes exist, but require imagination ministers have yet shown