Newspaper headlines: 'A Labour moment' and 'misery for homeowners'

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Newspaper headlines: 'A Labour moment' and 'misery for homeowners'
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Keir Starmer's speech at Labour's conference and the impact of rate rises on mortgages lead the papers.

A number of the papers lead with Labour leader Sir Keir Starmer's keynote speech to his party's conference on Tuesday. The Guardian quotes Sir Keir saying that, "as in 1945, 1964, 1997, this is a Labour moment" and accusing the Conservatives of having "lost control of the British economy".The Mirror describes the speech as "rousing" and a "message of hope".

The Times reports that providers have begun raising mortgage rates to levels "not seen since the financial crisis" and that a combination of increased rates, inflation, and the risk of a recession could cause house prices to fall by between 10% and 15%.A statement from the International Monetary Fund calling on the UK government to "re-evaluate" its tax measures and consider "more targeted" support leads the Telegraph.

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