In the headlines
Four of the UK’s largest mortgage providers are cutting their rates for the second time in three weeks. Halifax, Nationwide, HSBC and TSB are reducing their fixed-rate deals by between 0.2 and 0.7 percentage points, says the Daily Mail, raising the prospect of a “mortgage price war” that will ease pressure on “embattled homeowners”. At least 36 people have died as wildfires rage across the Hawaiian island of Maui. Hundreds of buildings in the historic town of Lahaina have been destroyed, with winds from a passing hurricane fanning the flames and frustrating rescue efforts. A record number of Brits are snapping up last-minute tickets abroad to escape the soggy summer weather, says The Times. British Airways Holidays has seen a 22% year-on-year increase in bookings over the past 30 days; in the last week of July, Club Med’s sales were up 146%.