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Ed Balls's 50p tax rate won't harm business – but these kleptocrats will |...

The only thing a higher taxation rate will stifle is growing inequality. No wonder the captains of industry are yowlingIf it's not hurting, it's not working. The pain is a price worth paying, so said...

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UK economy grew 1.9% in 2013 – the fastest growth since 2007

Fourth-quarter growth of 0.7% is boost for George Osborne – although GDP remains below pre-recession peakThe British economy grew at the strongest rate in six years in 2013, having ended the year on a...

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Why George Osborne won't be cheering too loudly about the UK's latest GDP...

How can the chancellor be upbeat while he tries to convince a weary electorate they must vote for more cuts?There is a mannered concern in the Treasury over the state of the recovery. Despite...

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This investment makes good economic sense and can save children's lives

Providing each mother and child with a package of interventions worth $100 would reduce undernutrition by 20% and boost the economy in the processPolicymakers are confronted on a daily basis with an...

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Hugh Muir: GDP figures serve up an ace for George Osborne amid calls for 'new...

Commons umpire matches chancellor's cheap shots as wild Tory cheers celebrate game, set and match at Treasury question timeThere is that sensation passengers feel as an aircraft emerges from...

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Peers debate lobbying bill: Politics live blog

Andrew Sparrow's rolling coverage of all the day's political developments as they happen, including Atos and G4S being questioned by MPs, George Osborne taking questions in the Commons and peers...

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A national plan to rebalance the economy away from London | @guardianletters

The UK's increasingly bottom-heavy economy and jobs market (The great migration south: four out of five private sector jobs now created in London, 27 January) demands policies that will benefit the...

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The politics of fairness versus the politics of greed | @guardianletters

Opposition to Labour's proposal to restore the 50p tax rate says more about the views and values of opponents than the merits of the idea. According to Digby Jones, "the policy … constituted another...

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Britain's recovery: questions of quantity and quality | Editorial

The smarter criticism quibbles not with the pace of the recovery, but its directionWhat goes down must come up – eventually. Marx and Engels hailed capitalism's "revolutionary" dynamism, though their...

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Britain's economy is finally growing again. Three cheers for the coalition? |...

The dismal experience of the past few years has obscured the UK's very real economic strengths. Now we need to deal with its weaknessesDoes the return of the UK economy to growth vindicate the...

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Mark Carney's speech on Scottish independence: Politics live blog

Andrew Sparrow's rolling coverage of all the day's political developments as they happen, including David Cameron and Ed Miliband at PMQs, Theresa May's statement on taking refugees from Syria and Mark...

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Mark Carney raises doubts over Scotland's plan to share the pound

Bank of England governor says there are logical economic and business arguments for currency pact, but also warns of dangersThe battle over the Scottish government's plans for Scotland to share the...

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Economic recovery helps the Tories - but it won't win them the next election...

Growth doesn't guarantee a Tory victory, just as tax rises for the rich won't ensure that Labour regains powerMore than 40 years ago, the radical social historian EP Thompson wrote an influential...

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More balance will boost UK growth | @guardianletters

Will economic recovery (Report, 29 January) and a shift from austerity to prosperity translate into improved pay and conditions at work, more investment in skills, enhanced job security and a better...

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Real wages have been falling for longest period for at least 50 years, ONS says

Real wages have been falling by 2.2% a year in the longest sustained period of falling real wages in the UK on recordReal wages have been falling consistently since 2010, the longest period for 50...

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Cost of living: not in it together | Editorial

Lower-income groups will fare much worse over the post-recession period, mainly because of welfare cutsOfficial figures have confirmed that real wages have dropped consistently since 2010, with an...

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What is Milibandism?

Your guide to the key intellectual texts, thinkers and activistsThe rising parliamentary starsRachel ReevesFormer Bank of England economist, now shadow work and pensions secretary, she is a key player...

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Fragile economies under pressure as recovery prompts capital flight

So far this year $12bn of foreign money has fled the stock markets of emerging economies, and last week's Fed decision will accelerate that. We look at how further loss of western funds could affect...

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Untold story of the downturn: the shift from paid jobs to self-employment

The ONS pay figures that George Osborne used to show that disposable incomes are rising excluded self-employed workersThere are some startling facts emerging as politicians battle over the living...

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Billions lost in tax concessions exposes Australia's hypocrisy over federal aid

While SPC Ardmona is denied $25m in aid, companies, homeowners and retirees are reaping fortunes from the fiscal systemGreg Jericho

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