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Rachel Reeves should refine fiscal rules to avoid emergency spending cuts, IMF says

The organisation, which has been assessing the UK economy, upgrades its growth forecast this year to 1.2%

Post Office campaigner’s proposal for independent compensation body being ‘worked on’

Exclusive: Whitehall sources say model in early planning after criticism of schemes to redress victims of scandals

Reeves to champion £113bn of new capital investment in spending review

Chancellor hopes investment in homes, transport and energy will stave off pressure from MPs and discontent among public

Labour’s botched winter fuel U-turn raises questions over its purpose in power

There is growing unease over the government’s direction – a way to restore confidence would be to scrap the ‘cruel’ two-child limit

‘New dawn’: first train service renationalised under Labour begins

Transport secretary Heidi Alexander hails ‘cultural reset’ – although first South Western Railway service included rail replacement bus

We have a chance to prevent AI decimating Britain’s creative industries – but it’s slipping away

The government has doubled down on a plans that would allow mass cultural theft, but we are fighting it at every stage, says crossbench peer Beeban Kidron

The Guardian view on billionaire Britain: tax wealth fairly or face democratic unravelling

Editorial: Without bold reform which makes the rich pull their weight, rising inequality risks eroding public trust and fracturing social stability

No 10 delays child poverty strategy with tens of thousands more facing hardship

Exclusive: Flagship policy put back until at least autumn amid fears cost of removing two-child benefit cap will outweigh political benefit

Reform UK promises to reverse ban on new North Sea oil drilling if elected

Party spokesperson says policy has ‘clear benefits for securing jobs and energy independence’

David Cameron in talks to join London law firm to advise on geopolitical risks

Consultant position would be five years after Greensill scandal and add to ex-PM’s existing portfolio of roles

The Guardian view on Starmer’s U-turn: change direction – or keep losing support

Editorial: Labour’s pivot to welfare cuts and targeting of rightwing voters has backfired. If the party leadership won’t adapt, the public will move on

UK ban on junk food adverts targeting children is delayed until next year

Experts say delay from October to January after lobbying by food industry is huge setback for public health

Ministers said to be considering bill to wipe out British Steel’s debts

Chinese owner owed almost £1bn as government weighs up how best to attract buyer for Scunthorpe works

Jump in UK borrowing shows Rachel Reeves needs to relax her strict budget rules

As pressure grows on chancellor to rethink constraints she imposed on herself, No 10 adds to her problems

UK borrowing rises to £20.2bn, putting pressure on Rachel Reeves

April figure more than expected and comes despite increase in employer national insurance contributions

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  • Oil hits five-month high as global stocks wobble on AI fears; retail sales in Great Britain fall as shoppers cut back – as it happened
  • UK government to make unprecedented intervention in setting of water bills
  • The young Americans choosing Y2K cars over shiny new SUVs: ‘I get so much crap from people’
  • Retail sales in Great Britain fall as struggling households cut back
  • Boom in weight-loss drugs could lead to fall in beer sales, Heineken warns UK pubs
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  • India slashes cost of cancer drugs after court rules mark-ups are ‘extortion’
  • Some of Europe’s highest energy costs expected in Britain this winter
  • Britain’s gas security needs reinforcement. Last-minute deals with Belgium are not a proper fix
  • Youth mobility scheme may be delayed to ensure success of UK-EU summit
  • Jim Chalmers faces a world of hard choices where the solution to one problem makes the other worse
  • Elon Musk reportedly invests $1bn in David Ellison’s Skydance
  • UK to relax post-2008 rules that hold City bosses accountable for wrongdoing
  • Every Briton should stockpile water and food supplies, government advises
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  • Race to rearm: Telford gun hall brings tank barrel production back to the UK
  • Revealed: billionaire Reform donor was in business with foundation linked to Iranian regime
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  • Meta strikes deal with Mark Zuckerberg to help him foot billionaire tax bill
  • Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances
  • Barclays cuts 5,000 jobs as profits jump ahead of looming bank tax; French bond yields hit fresh 24-year high – as it happened
  • Marine life in Gulf of Mexico has still not fully recovered from 2010 BP oil spill
  • Tax online sales more heavily to save high streets, Burnham urged
  • Economy set to worsen, with higher unemployment and weaker growth on the way, Jim Chalmers reveals
  • Oil prices jump to five-month high as attacks threaten global supply

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