SNP deputy Westminster leader Mhairi Black challenged the Deputy Prime Minister over the Government’s response to soaring mortgage rates as she urged him to take the issue “seriously”.
Ms Black told MPs at Prime Minister’s Questions people cannot afford to wait until Christmas, as “they need help right now”.
She criticised Prime Minister Rishi Sunak for saying people “need to hold their nerve” and Chancellor Jeremy Hunt for telling mortgage holders they should “just shop around”.
In response, Oliver Dowden, who was standing in for the Prime Minister who is at the Nato summit, attributed the surge in mortgage rates to global factors such as higher inflation caused by Russia’s invasion of Ukraine and disruptions in post-Covid supply chains.
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