the people who are affected most by high interest rates would tend to be younger households. older people, older house holders, are more likely to have paid off their mortgages they are mortgage free so they don t feel the impact of the increase in mortgage rates. you could spread the pain more broadly, so those households that, perhaps, aren t facing higher mortgage rates currently households that don t hold mortgages would potentially contribute towards the squeeze in demand by paying higher taxation. you could argue for a property tax, for example. yet there are also practical problems with using tax and spending policy to control inflation. history suggests it s hard to get the timing right, and when it comes to tax and spending political considerations often interfere unhelpfully. this is why the practice in recent decades has been to leave inflation control to the independent bank of england. however there is certainly more open thinking going on among respectab
might say it is naive, england would say it is brave. they scored quickly again and have given themselves a chance to reclaim the initiative on the third day here at lord s. manchester united have agreed a deal to buy england international mason mount from chelsea. talks to try to resolve the impasse over a fee for the midfielder have been successful, with an initial £55 million agreed that could rise to 60. mount will sign a five year deal at old trafford. ex chelsea midfielder n golo kante has bought a football club. the france international will become the chairman of the belgian third tier side royal excelsior virton on the same day he joins the saudi arabia pro league side al ittihad. the greatest cycle race in the world gets under way this weekend. the 110th tour de france will start in bilbao that s spain, of course on saturday. but the traditional grand depart always begins on the thursday night. tadej pogacar is one of two overwhelming favourites for the yellow
that the body found in the river is nicola bulley who went missing last month. fractious scenes in israel s parliament, where members are debating a controversial overhaul of the country s judiciary. we begin in ukraine where us presidentjoe biden has made a surprise visit to kyiv his first trip since russia invaded almost a year ago. speaking alongside president zelensky, mr biden said that russia s war in ukraine is failing and that vladimir putin had been wrong to think russia could outlast ukraine and its allies. putin thought ukraine was weak and the west was divided. as you know, mr. president, i said to you in the beginning, he is counting on us not sticking together. he was counting on the inability to keep nato united, he was counting on us not to be able to bring in others on the side of ukraine. he thought he could outlast us. but he is just been plain wrong. one year later, the evidence is right here in this room. we stand here together. president biden took a