“Reeves is driving up prices, warns Bank,” is the headline on the Daily Telegraph which reports a warning from the Bank of England that Britain is “facing a fresh rise in inflation” after what the paper calls Chancellor Rachel Reeves’s “tax-and-spend Budget”. The Telegraph says lenders have been raising mortgage costs despite the Bank’s interest rate cut to 4.75%. Bank governor Andrew Bailey told the rates were likely to “continue to fall gradually”. “I do emphasise the word gradual and the reason for that is there are a lot of risks out there in the world at large and also domestically,” he said. Continuing its coverage of Donald Trump’s election victory, the paper runs a photo of Reform UK leader Nigel Farage alongside Barron Trump, the president-elect’s teenage son, who apparently helped his father woo “the bro vote”. The paper’s cartoonist Matt depicts a disappointed Maga supporter with a baseball bat and an abandoned megaphone who “had set his heart on storming the Capitol”.
