Month: September 2022

The Guardian leads with international scepticism of Liz Truss’s plan to cut taxes in the current economic climate. The paper reports on the stark differences between Liz Truss and US president Joe Biden’s views over economic policy. Ms Truss is set to “urge world leaders to join Britain” in introducing wide-ranging tax cuts, with the paper reporting her embrace of a low-tax agenda “put her on a collision course” with Mr Biden at their first bilateral talks on Wednesday.

Many people with mortgages are facing a “shock” of rising interest rates over the next four months, according to the i. The paper says the Bank of England are predicated to raise rates by two percentage points to 3.75%, which could cost an average of £200 a month more on tracker mortgages that are tied to the Bank’s base interest rates.

Metro leads with the King’s return to Balmoral, following the state funeral of his mother, the Queen earlier this week. He has travelled to the Scottish estate where his mother died 12 days ago with his wife Camilla, the Queen Consort, for a week of royal mourning where all official engagements have been cancelled, the paper says.