Andy Burnham is traveling to New York to attend the United Nations General Assembly, where he is scheduled to meet with Donald Trump. Burnham reportedly wishes to avoid injecting any tension or "edge" into this meeting. This political approach contrasts with a major economic development highlighted on the front page of the Financial Times.
The Financial Times reports a significant financial impact on British homeowners. They are now paying an average of £840 more per year when refinancing their mortgages. These rising borrowing costs are a direct consequence of the Iran war, reducing consumers’ spending power. Approximately one million households have moved off fixed rate mortgage deals since February, according to data from the Bank of England.