The Front Pages
‘Lenders to impose raft of interest rate hikes’ reads the Irish Independent’s cheery headline today, with personal finance editor Charlie Weston explaining that a ‘string of lenders’ are to hike interest rates on mortgages within the next couple of weeks
According to Weston, the interest rate hikes will hit up to 300,000 people by the end of next month, and expects AIB, Bank of Ireland, Permanent TSB and Irish Nationwide to raise their rates by around 0.5%. T
he Independent’s front page also reports that a new home defence bill is to be introduced by Minister for Justice Dermot Ahern, that will grant households the right to ‘reasonable force’ against home invaders, even if such force results in death.
The Irish Times have also ran with a front page home defence piece, though the Time’s main headline today reads ‘Anglo resists Nama’s bid for €800m in loans to developer’. It has been found that Anglo Irish Bank challenged Nama on plans to buy loans of developer Paddy McKillen, with the state-owned bank coming to blows with the Government agency over ‘factual errors’ in a letter to McKillen’s solicitors in June.
