As economists warn that rising borrowing costs will lead to a steep fall in house prices, mortgage lenders have begun raising rates to levels not seen since the financial crisis, reports The Times.
According to The Independent, Tory MPs are urging Kwasi Kwarteng to act quickly to prevent steep hikes in mortgage rates for millions of homeowners.
The Daily Mail reports that David Norris, one of Stephen Lawrence’s killers, faces criminal charges after sending selfies from his cell. It said it was an “astonishing breach of prison rules and security”.
During his party conference speech, Labour leader Sir Keir Starmer promised to end what the Daily Mirror calls “the misery of Tory rule and put the UK back on the path to prosperity”.
As reported in The Daily Telegraph, the IMF has called on Liz Truss to reverse the government’s decision to abolish the top income tax rate.
According to the Daily Express, a surge in COVID and flu viruses could wreak havoc on the health service this winter.
As reported by Metro, Labour leader Sir Keir Starmer urged voters not to forget or forgive the government’s mismanagement of the economy at the next election.
The Guardian reports that Sir Keir Starmer has pledged to establish a publicly-owned energy company in his first year as prime minister.
During a test to prevent a doomsday meteorite collision with Earth, NASA successfully crashed a spacecraft into an asteroid.
By May, the Bank of England’s chief economist Huw Pill predicts borrowing costs in Britain will nearly triple to 6.25% as a result of the government’s new debt-laden economic plan.