Interest rates are not the tool to solve the inflation caused by the US’s war with Iran

We’ve been here before with Covid and Ukraine. Making borrowing more expensive won’t work – only price controls, caps and public ownership can do that, says Josh Ryan-Collins, a professor at UCL

Reeves plans to give England’s regional leaders a share of national tax revenues

Chancellor seeks ‘genuine break with the past’ in tackling centralised and ‘geographically unequal’ country

‘Basics’ of life in Britain have been sold for profit, says Polanski

Exclusive: England and Wales Greens leader outlines economic policy including help to meet rising energy costs and water re-nationalisation

Rachel Reeves reveals push for fiscal devolution to English regions, says Brexit caused damage, and admits student loan system is ‘broken’ – as it happened

Chancellor says Brexit may have cost 8% of UK GDP in wide-ranging Mais lecture at Bayes Business School in London which also called for AI push

EU calls for urgent reboot in talks with UK to stop reset deal failing

Time is running out to find agreement on areas such as tuition fees EU citizens would pay in Britain and rules for food safety

Sobering times: alcohol-free beer added to UK inflation basket

Hummus and pet grooming also join list of goods and services used to help judge the impact of rising prices

Africa particularly vulnerable as Iran conflict disrupts supply chains, say experts

Food production in many African countries depends heavily on fertiliser imported from the Gulf through the strait of Hormuz

Trump claims he has ‘absolute right’ to impose new tariffs after supreme court blow

US supreme court has ‘ransacked’ the country, president argues, in wake of its ruling against his trade agenda

UK housing costs rise 41% over five years for renters and owners, study shows

Borrowers coming off fixed deals hit hard as Savills says big spike in interest payments made up half the overall rise

Relief for some of Britain’s poorest lands at right moment to cushion Iran aftershocks

Timely end of two-child limit plus a healthy uptick in universal credit signals ‘life-changing’ boost to Britons most exposed to Trumpflation

How the war in Iran and its economic fallout could lead to Trump’s defeat

The war is deeply unpopular, and the spike in oil prices will mean long-term high prices across the board for Americans

Gas prices are soaring – but one Los Angeles gas station is taking it to the extreme

A Chevron station just outside downtown charges more than $8 a gallon – nearly $3 more than the city’s average

Europe rebukes US for temporarily lifting sanctions on Russian oil

German chancellor says decision is wrong and that pressure on Putin over Ukraine war should be increased

Oil price shock likely to ‘push the UK economy into recession’; US growth revised down – as it happened

Surprise lack of growth in January as service sector stagnated, with falls in recruitment activity

British politics is hooked on flashy fake numbers – and the AI investment debacle proves it

A claim that the UK is attracting billions of pounds in AI investment has been debunked. That’s no surprise when our establishment runs on dubious ‘good news’, says Jonathan Portes, a professor at King’s College London and former senior civil servant