Friday newspaper round-up: Homeowners, Greensill, Wizz Air

Homeowners face the biggest rise in mortgage costs since the financial crisis, with the amount of interest they pay set to jump by 13% in 2023, data from the government’s independent forecasting unit suggests. Politicians and analysts seized on a table “buried” in a report published by the Office for Budget Responsibility (OBR) alongside the budget, which stated that mortgage interest payments were set for their biggest rise since at least 2008. – Guardian
Whitehall’s independent watchdog has found “no evidence” that ministers or officials considered potential conflicts of interest before giving the disgraced financier Lex Greensill government contracts just months after he had left a job as a No 10 adviser. The National Audit Office said Greensill left a job as an adviser to David Cameron, then the prime minister, in 2017. Eight months later, his firm was involved in a bid for a large public sector contract. – Guardian

Wizz Air has fired an executive after an investigation by regulators revealed he had breached rules governing trading by company insiders. András Sebők, the budget airline’s chief supply officer, bought and sold shares on 114 different occasions without notifying the Financial Conduct Authority (FCA). – Telegraph

Joe Biden is preparing to launch an unprecedented tax raid on US millionaires as he scrambles to raise $2 trillion to fund a flagship spending package. The Senate is poised to vote on a 5pc tax on earnings above $10m (£7.2m) a year, with an extra 8pc for incomes above $25m. – Telegraph

Apple and Amazon both disappointed investors with their earnings reports last night as they warned of continuing disruption to their supply chains. Shortages knocked Apple’s sales by $6 billion in the latest three-month period and it said that the impact could get worse in the remainder of the year. – The Times

Bentley Motors is on course to make record annual profits of more than double any figure it has made in a year in its history. The Crewe-based luxury carmaker yesterday reported operating profits of €275 million for the first nine months of the year. – The Times

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