The Latest Breaking News from James Callaghan

Tributes paid to one of the UK’s foremost economics commentators who was also ambassador to Washington

There are many parallels between the situation facing Labour’s 1960s chancellor and today’s. But will Reeves grasp the higher borrowing nettle?

Few suspected at the time that the 1979 election was also a 1979 moment. Sure, the gravediggers were on strike and James Callaghan spoke of a "sea-change in politics" about which there was little anyone could do. But the Conservative manifesto of that year was far from unadulterated Thatcherism. Not…

Falling inflation and tax cuts in a February budget would signal a spring poll but weak growth and rising mortgage bills bode caution

On May 4, 1979, Margaret Thatcher became the first female prime minister of the UK.

Peter Bone’s suspension is likely to mean another lost Tory seat and a delay to the election we need sooner rather than later, writes Guardian columnist Martin Kettle

With inflation and mortgage rates painfully high, the government can no longer rely on votes from its blue wall, says Guardian columnist Jonathan Freedland

Scaling back of green prosperity plan reflects a possibly costly desire to project fiscal stability

Veteran Welsh Labour MP who served for more than 40 years and became attorney general in the late 1990s