RBS shareholders take battle over cash call to high court

Case will see disgraced former boss Fred Goodwin forced to defend accusations investors were misled into buying shares

A £520m case is scheduled to begin in the high court on Monday that will scrutinise the months leading up to Royal Bank of Scotland’s £45bn bailout at the height of the financial crisis.

Along with other directors, the disgraced former RBS chief executive Fred Goodwin will be forced to defend accusations that investors were misled into buying shares in the Edinburgh-based bank.

Related: RBS shareholders take battle over cash call to high court

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Growth slump as rising prices slowed consumer spending, figures to show

Economists expect Office for National Statistics to confirm that first quarter growth fell to 0.3% from 0.7%

Consumers failed to propel the UK economy in the first quarter as rising prices dampened appetite for spending, official figures will show this week.

City economists believe the Office for National Statistics will confirm on Thursday that economic growth more than halved to 0.3% in the first three months of the year from 0.7% in the previous quarter.

Related: UK inflation jump means the 2017 voter is getting poorer | Larry Elliott

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Forget Brexit, the real challenge is creating enough wealth for an ageing population

In or out of the EU, the focus should be on be boosting skills and productivity in the north to match those in the south-east

Roll the clock back a year and Britain was in the middle of the EU referendum battle. The remain side was warning about the economic consequences of Brexit; the leave side was extolling the benefits of taking back control. Leave won decisively but narrowly enough to give the remainers hope that the public would rethink its decision.

The general election campaign has exposed that hope as a fantasy. Brexit is accepted as a political given by both the Conservatives and Labour. The Liberal Democrats have struggled despite promising to hold a second referendum. Britain will indeed “take back control” in early 2019. And then what?

Related: How Britain can build a successful, lasting industrial strategy

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Forget Brexit, the real challenge is creating enough wealth for an ageing population

In or out of the EU, the focus should be on be boosting skills and productivity in the north to match those in the south-east

Roll the clock back a year and Britain was in the middle of the EU referendum battle. The remain side was warning about the economic consequences of Brexit; the leave side was extolling the benefits of taking back control. Leave won decisively but narrowly enough to give the remainers hope that the public would rethink its decision.

The general election campaign has exposed that hope as a fantasy. Brexit is accepted as a political given by both the Conservatives and Labour. The Liberal Democrats have struggled despite promising to hold a second referendum. Britain will indeed “take back control” in early 2019. And then what?

Related: How Britain can build a successful, lasting industrial strategy

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From tax to Brexit, the Tories will do anything to stay in power

Nothing – not even policies for which Labour was excoriated two years ago – is too much to swallow for a party, and a leader, determined to rise above the fray

Jeremy Corbyn may score badly with the wider public, but for as long as I can remember the press have given even the most admired Labour leaders a hard time during election campaigns. A recent exception was Tony Blair, who – for a time – achieved rock star status with the media.

Many reports have suggested that when presented with individual Labour policies – in what one might call a “blind tasting” – respondents have been much more enthusiastic than when the names of Corbyn and some of his colleagues come up.

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Australia leads fight to save Trans-Pacific Partnership trade pact

Talks in Hanoi are focused on salvaging the free trade deal agreed between 12 nations before Donald Trump pulled the US out

Australia is leading the charge to save the controversial Trans-Pacific Partnership free trade deal thrown into doubt by Donald Trump’s decision to pull America out of the pact.

As fears rumble of a new global era of protectionism, Asia Pacific trade ministers gathered in Vietnam on Sunday with Australia, Japan and New Zealand at the forefront of efforts to save the deal.

Related: Trade war: is it time to collect canned food and build a bunker? | Greg Jericho

Related: Trump could end global trade and force choice between US and China, says economist

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Ikea seeks to make more products in UK to fend off post-Brexit vote price rises

Weakened pound pushes Swedish furniture chain to look at making and sourcing more than the odd mattress or sofa in UK

Ikea is considering making more products in the UK as the Swedish furniture chain bids to fend off Brexit-led price rises.

The retailer already makes some sofas and mattresses in Britain, but UK boss Gillian Drakeford said it was actively examining how it might increase that work while looking at other products that can be sourced domestically.

Related: Ikea to create 1,300 UK jobs in three new stores

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Tory social care plans fail to tackle basic funding challenge, IFS says

Institute for Fiscal Studies warns of less generous system, as Labour says ‘savage attack’ on pensioners could sway election

Theresa May’s flagship manifesto proposal to shake up the funding of social care for older people has come under fire from the independent Institute for Fiscal Studies and opposition parties.

The IFS warned on Friday that the complex new system outlined in the Conservative party’s manifesto, which would force more elderly people to pay for their own care, “makes no attempt to deal with the fundamental challenge of social care funding”.

Related: Social care funding: what are the Conservatives proposing?

Related: Tory manifesto: more elderly people will have to pay for own social care

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