“In convulsions last seen during the chaos of the ill-fated Liz Truss premiership, Britain’s biggest lenders have scrambled to pull hundreds of cheaper deals in recent days and raised the cost of new home loans to the highest level since the 2008 financial crisis. ‘The moron premium is back,’ said David Blanchflower, a former member of the Bank of England’s rate-setting Monetary Policy Committee. ‘It seems to me the government and the BoE are in very deep trouble’.”