The Financial Times reports on certain mortgage rates “breaching” 6%, increasing worries for homeowners and putting pressure on the government. The paper says rising interest rates pose a “mounting challenge” to Rishi Sunak’s government, but that he has rejected calls for more help for struggling households, arguing that tackling inflation is the “best and most important way that we an keep costs and interest rates down”.

The front page also features a lost sub with explorers on board en route to visit the Titanic wreck.