Today’s news summary – Paper Talk
Friday’s front pages report heavily on the news that the five men inside the missing sub – en route to see the wreck of the Titanic – have been declared dead. The Titan sub went missing on Sunday and after an international rescue effort, parts of the sub were found on the Ocean Floor. US Coast Guard said the debris discovered was consistent with a “catastrophic implosion”.
Elsewhere, the Bank of England interest rate hike makes several front pages.
‘Sub 5 dead’
Many of the papers feature images of the five men lost in the submersible. The Daily Express headline reads: “Titanic claims lives of five more victims.”
The Sun says those on board had “no chance” as five parts of the sub were found approximately 1,600ft from the bow of the Titanic wreck.
The Times quotes Foreign Secretary James Cleverly as saying that the government is closely supporting the British families affected.
‘Recession fears’
Away from the news of the sub, the Financial Times reports on the Bank of England’s decision to raise interest rates by half a percentage point. The paper says it makes the Bank an “outlier among other big central banks.”
The Guardian warns of fears of a recession. The paper says markets are forecasting that the Bank of England will have to keep the base rate above 6% from December to June next year.
The Times says “mortgage misery for millions,” and reports on the recent rate rises. The paper says those who are not on a fixed rate are paying roughly £6,300 more annually for their mortgages than they were two years ago.