Baroness Bowles of Berkhamsted
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Gilt Yields
Baroness Bowles of Berkhamsted Excerpts(3 weeks, 3 days ago)
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Lord Livermore (Lab)
My noble friend says it much better than I can. I agree wholeheartedly with what he says. Of course it is important that we grow the green economy, but we must also make sure that we grow the whole economy as well.
Baroness Bowles of Berkhamsted (LD)
My Lords, can the Minister explain what the high level of bond yield means for those renewing fixed-rate mortgages, given that those are determined more by bond yields, albeit at the shorter end, than by base rates? At the moment, the disconnect is creeping towards the shorter rates too.
Lord Livermore (Lab)
As the noble Baroness knows, the Government do not comment on specific financial market movements, but it is very clear that we have created space for the Bank of England to cut interest rates five times since the election. That will absolutely help those people taking out a mortgage.