Both the country and the government must face the truth: either taxes will have to rise or services will need to be cut. We can’t have both

Economy and policy

The prime minister is seeing his popularity – and his authority – fade as a series of costly U-turns make tax rises ever more likely
With Labour committed to spending more on defence, we need to be clearer on the trade-offs – while realising ultimately it can boost the economy
Labour believes a trade deal with the US will change its political fortunes, but there are numerous obstacles in the way