Mortgage mayhem: NatWest increases rates as Santander temporarily pulls some deals – as it happened

Bank of England policymaker Jonathan Haskel says interest rates may need to rise higher, as mortgage providers raise rates or withdraw deals

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Sunak then announces the launch of HSBC Innovation Banking, following the rescue of tech-focused lender Silicon Valley Bank earlier this year.

This new unit will focus on banking services to the startup, investor, and wider tech community.