NHS spending rise lags behind Tory funding pledges, IFS finds

Thinktank says extra funding eaten up by higher inflation despite greater demand with service in poor state of repair

Children of austerity need a rescue plan, Gordon Brown says

Former prime minister proposes £3bn support package for ‘blighted generation’, including Sure Start relaunch

Anglo American rejects second ‘highly unattractive’ takeover approach from BHP, worth £34bn – as it happened

Rolling coverage of the latest economic and financial news

Are 25-year UK mortgages a thing of the past?

Younger homebuyers are turning to ultra-long loans, prompting fears over the risk to their finances and the wider economy

Jacob Rees-Mogg accuses Bank of England of ‘miserable incompetence’ over inflation

MP criticises policies on interest rates and bond-selling as Tory rightwingers call for review of Bank’s independence

The Road to Freedom by Joseph E Stiglitz review – a vision of progressive capitalism seems too little, too late

The Nobel-winning US economist’s championing of government intervention to nullify neoliberal excesses is ardently expressed but unconvincing

Impact of pandemic on wellbeing of the young and the economy must not be trivialised

Mental health of young people is deteriorating, and shows up in employment data. More action is needed

One path for Biden to lure blue-collar voters – find the economic villains: ‘You have to pick fights’

Experts say Biden can win back working-class Americans if he hammers home the message that he is helping them on pocketbook issues

Brexit Britain may export lots of services, but selling things it makes is harder

Trade data is a long neglected subject, but it’s never been more important

As the Red Sea crisis continues, pressure on consumer prices follows in its wake

UK manufacturers and retailers are not yet passing on all the costs of diverting ships round southern Africa – but can that last?

The wisest Brexiters – such as Nigel Lawson – knew how good life is in Europe

A weekend near the former chancellor’s French residence induced a mood of wellbeing quite unlike Britain’s beleaguered mood

World Bank and IMF can press Ghana to rethink ‘punitive’ LGBTQ law, charities say

Charities and campaign groups are calling on bodies to say they may stop funding country if legislation comes into effect

FTSE 100 hits new closing high after UK economy escapes recession with fastest growth since 2021 – as it happened

Short, shallow recession is over, as UK economy grows faster than forecast in January-March quarter, by 0.6%, fastest quarterly growth in over two years

UK has moved out of recession, official figures show

GDP rose by 0.6% in first quarter of 2024 but forecasters expect economy to grow slowly this year

Biden White House to expand tariffs on Chinese trade

President likely to add sectors such as electric vehicles, batteries and solar cells to range of levies set up under Donald Trump