The Daily Mirror leads with the Bank of England boss, Andrew Bailey, saying he will take “whatever decisions are needed” to tackle high inflation.

Higher rates are yet to fully filter through to households and the economy, the Bank warned on Thursday, estimating that just a third of the impact has passed through so far. It means homeowners on fixed-rate deals will feel the impact when it is time for them to renew rather than now.

The front page also reports the UK is sending long-range missiles to Ukraine.