Business of the House Debate

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Department: Leader of the House
Thursday 16th May 2024

(6 months, 1 week ago)

Commons Chamber
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Janet Daby Portrait Janet Daby (Lewisham East) (Lab)
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A constituent has contacted me about how he is remortgaging at an increased rate of 5.68%. If he did not have ongoing cladding issues, his mortgage lender would have still given him an increased rate, but it would have been 4.67%. An extra £600 will now be added to his monthly mortgage payments. I am confident that other people up and down our country are experiencing that double jeopardy, due to the Conservative Government’s failings. Will the Leader of the House say what conversations she has had with her Cabinet colleagues on this issue?

Penny Mordaunt Portrait Penny Mordaunt
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The hon. Lady will know that ensuring that our economy is growing, inflation is curbed and interest rates can come down is a priority for the Government, and she will know from the statement put out by the National Audit Office earlier this week that the plan is working.