Baroness Bowles of Berkhamsted
Main Page: Baroness Bowles of Berkhamsted (Liberal Democrat - Life peer)Department Debates - View all Baroness Bowles of Berkhamsted's debates with the HM Treasury
(2 days ago)
Lords ChamberMy 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.
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.
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.