In the headlines
The Bank of England has announced its biggest interest rate hike in 30 years, raising borrowing costs by 0.75 percentage points to 3%. Thankfully the rise will make little difference to fixed-rate mortgage prices, says The Daily Telegraph, because lenders have already added such a large “Truss premium” to their deals. Almost 17% of people living in England and Wales were born abroad, new census figures show, up from 13.4% a decade ago. The biggest increases were immigrants from Romania (80,000 to 539,000) and India (694,000 to 920,000). Bounty bars are being removed from some Celebrations chocolate boxes this Christmas, as part of a trial to see whether the divisive coconut treat should be permanently dropped. But given one in five customers say it’s their favourite, says the Daily Star, there may be “mutiny over the Bounty”.