Leading economists warn Britain faces a 1970s-style debt crisis and a possible bailout from the International Monetary Fund (IMF). A former Bank of England rate-setter says UK borrowing costs exceed Greece's and predicts an economic crash without a policymaker reversal. The Treasury calls those claims unfounded and notes IMF endorsement of the fiscal strategy in May. Plans to overhaul asylum appeals would create a statutory body to prioritise cases for people in taxpayer-funded accommodation, accelerated after a High Court ruling blocking asylum seekers from staying at the Bell Hotel in Epping. Analysis of Home Office accounts shows large pay rises and bonuses for senior civil servants. Reports also detail the Deputy Prime Minister purchasing a seaside apartment.
The Sunday Telegraph carries warnings from leading economists that Britain is heading towards a 1970s-style debt crisis, and a bailout from the International Monetary Fund (IMF). One, a former Bank of England rate-setter, tells the paper that the UK's borrowing costs are higher than in Greece, and there will be an economic crash unless the chancellor reverses course. The Telegraph's leader column says Britain is staring impoverishment in the face.
The proposed overhaul of the asylum appeals system will see a new body given statutory powers to prioritise the cases of those staying in taxpayer-funded accommodation, according to the Sunday Times. The paper says Sir Keir Starmer is trying to stop the "hotel crisis", from derailing his immigration strategy. The plans had apparently been in the works for months, but were brought forward after Tuesday's High Court ruling which blocked asylum seekers from staying at the Bell Hotel in Epping.
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