Newspaper headlines: 'Last hope' in sub search and 'mortgage pain'

Most of Thursday's front pages focus on the UK economy. The Financial Times warns that "stubborn inflation" is piling pressure on the Bank of England to take "tough action" on interest rates.

According to the paper, some economists have said that yesterday's data was "so dire" that the Bank "might surprise" with an interest rate rise of half a percentage point to 5% today, or signal a larger move at its next Monetary Policy Committee meeting in August.

The Daily Mail says senior Conservatives and economists have turned on the Bank of England over what it calls the "rates crisis" and the paper says the Monetary Policy Committee is preparing to "heap more misery on homeowners".

It reports that Rishi Sunak's pledge to halve inflation this year is now in jeopardy and government sources have admitted that the ambition to cut taxes this autumn are also at risk.

The Times says that while Chancellor Jeremy Hunt has repeatedly given his full backing to the Bank, economists advising him are now questioning whether it has failed in its response, by under-estimating inflationary pressures. The paper sums up the situation with the headline: "Triggering recession could tame inflation".

The i warns that "mortgage pain" will deepen, as an expected 13th rate rise in a row sparks recession fears. Brokers tell the paper that "panicked" borrowers are pleading for help, as experts say the base rate may now hit 6 percent next year.

According to the Daily Telegraph, a recession is "inevitable", owing to the Bank of England's failure to control what the paper calls "rampant inflation". A founding member of the Monetary Policy Committee, Charles Goodhart, says the Bank's inflation challenge is a "nasty dilemma".

The mission to save five men on board the Titanic tourist sub is also on the front pages. "Rescue robot is the last chance of survival," says the Daily Express. The Sun talks of prayers being said for a "Titanic miracle".

The Daily Mirror highlights the banging sounds that have been detected from beneath the sea. "Holding on to hope," says the paper's headline.

The Guardian leads on a report that security guards at a Del Monte pineapple farm in Kenya - which supplies British supermarkets - have been accused of assaulting and killing people suspected of trespassing to steal fruit. Del Monte tells the Guardian that it takes the allegations very seriously and has launched a "full and urgent" investigation.

Anyone who has ever smoked could be offered an NHS lung cancer test, from middle age, according to the Daily Telegraph. It says the government is understood to be in talks about funding a rollout of scanning units to boost survival rates. The paper reports that results from pilot schemes have found that such checks could spot three quarters of cases of lung cancer at an early stage.

And several papers carry special reports to mark 75 years since the arrival of the first people from the Caribbean to help Britain after the war. Relatives of those who sailed to the UK in 1948 tell the Guardian how Windrush shaped their identities. "They didn't know what lay ahead, and yet they prevailed," writes the Guardian's Hugh Muir, whose father arrived in 1953.

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