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Daily Express - Taxpayer will not foot bill for mortgage bailout
Summary of the front page
The Treasury has ruled out helping millions struggling with higher mortgage bills, the Daily Express reports. A Treasury insider tells the paper state intervention in mortgages would be the “most dangerous thing a government could do”. They explained it would risk fuelling inflation and force the Bank of England to respond with higher interest rates.
The front page features wetsuit-clad football legend Graeme Souness after he swam the English Channel, raising £1m for charity.
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