"I don't think banks are treating people fairly at the moment." She described this situation as "ridiculous and unsustainable". "This means those who have savings are seeing these "decrease in real value," she said.īanks have been "very slow to pass on the interest rate rises to those who are lucky enough to have a bit of money in the bank." "If you look at what happened last year, nearly £5bn extra profits made on the difference between the interest rates that borrowers have to pay - which is currently around 7% for mortgages, costing those who have to redo their mortgages about £3,000 extra a year - and a measly 2.3% for those who have savings." "I think the profits are going to be colossal," Dame Angela told Sky News. She was asked about plans for bank chiefs to be hauled before the Financial Conduct Authority today to explain why this isn't the case. He also highlighted the need for long-term changes including teaching children language skills and put a greater emphasis on arts and creative subjects within the curriculum.ĭame Angela Eagle, the Labour MP, today insisted that banks are not treating Britons "fairly" by failing to increase the savings rate at a fast pace. They're burnt out too early in our schools." "And also put in place a retention policy because too many teachers are leaving. "We're going to get rid of a tax break that is there for private schools at the moment, remove that and use that money straight away to recruit those teachers. "And so within the plan that we're setting out today is a plan to recruit 6,500 more teachers in those areas where there are shortages. We don't have teachers in those areas in our schools in sufficient numbers. He added: "We've got a shortage of teachers at the moment for core subjects like maths and physics. The education reforms include plans to hire 6,500 more teachers and implement a retention policy, Sir Keir has said. ![]() Later this morning, Sir Keir Starmer is due to set out his fifth and final mission for a better Britain - with a focus on overhauling education.Īhead of this, the Labour leader has appeared on the BBC to share a small number of details about this proposed policy. The i newspaper that mortgage rates are set to be hiked again as mortgages of 7% are forecast for this summer. "Obstructive peers" were accused of "frustrating the will of the people" as they ripped up laws aimed at ending the small boats crisis, the Daily Express reports.Ī self-styled "assassin caught with a crossbow in the grounds of Windsor Castle was encouraged to kill the late Queen by an AI chatbot", the Daily Mail reports. The Guardian has two exclusive stories on its front page - the first that lung cancer diagnoses among women are set to outnumber men's for the time, and the second that fossil fuel lobbyists also work for climate groups in the US. The Times is leading on the Labour Party promising to offer speaking lessons for all pupils as part of his educational reform policies set to be unveiled later. ![]() ![]() Here's what made the headlines on Thursday: As usual, a number of political stories are on the front pages of national newspapers today, as we gear up for a packed day of political news.
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