Mortgage Charter Debate

Full Debate: Read Full Debate
Department: HM Treasury

Mortgage Charter

Chris Stephens Excerpts
Monday 26th June 2023

(1 year, 4 months ago)

Commons Chamber
Read Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Jeremy Hunt Portrait Jeremy Hunt
- View Speech - Hansard - - - Excerpts

The hon. Lady is absolutely right to be concerned, as we all are, about families in her constituency who are worried about the impact of rising interest rates on their mortgage repayments. She is wrong to suggest that this Government have not been extremely generous in our cost of living payments, which at £94 billion are more, actually, than her party was calling for. If she wants to talk about the last 13 years, maybe she should reflect on why a Conservative-led Government were elected in 2010: it was to pick up the pieces of the terrible economic mess that her party left behind.

Chris Stephens Portrait Chris Stephens (Glasgow South West) (SNP)
- View Speech - Hansard - -

Citizens Advice Scotland has reported that requests for advice from people who are homeless or at risk of homelessness reached their highest ever level in May this year and were up 30% from May 2022. What additional measures is the Chancellor planning to protect the most vulnerable households from the impact of soaring interest rates on their mortgage repayments?

Jeremy Hunt Portrait Jeremy Hunt
- View Speech - Hansard - - - Excerpts

Let me tell the hon. Gentleman what we have done for those families. This year, families on means-tested payments will get a payment of £900, pensioner families will get a payment of £300 and families with someone who is disabled will get an extra payment of £150, alongside a lot of other measures.