VICTORIA will have to pay a staggering $22.5bn in interest alone on the state’s soaring debt over the next four years.

A MAN suspected of a carjacking and ramming police vehicles was arrested in Brighton East on Monday after a two-hour standoff that had residents on edge.

A HOUSEHOLD with a $750,000 home loan will soon find itself making the same size monthly repayments as it cost to service $1 million of borrowing just six months ago.

ENGLISH trainer James Ferguson is relying on champion jockey Kerrin McEvoy’s experience and local know­ledge to give Deauville Legend a decisive edge in the $7.75m Melbourne Cup (3200m) at Flemington on Tuesday.

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