The Financial Times also leads on the political impact of mortgage increases. HSBC, a major lender in the UK housing market, has put up rates for the second time in a week, the paper reports. Its front page story includes quotes from the Commons on Wednesday, where Labour leader Sir Keir Starmer attacked the government over the cost of living.
Sources suggest the UK has moved past its technical recession with first-quarter growth surpassing that of the US and Eurozone, a positive development for Rishi Sunak.