Mortgage Market Debate

Full Debate: Read Full Debate
Department: HM Treasury

Mortgage Market

Neil Coyle Excerpts
Tuesday 13th June 2023

(1 year, 5 months ago)

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

I can absolutely reassure the hon. Gentleman that the Government are focused on his constituents, even if his colleagues find it useful to ask the same question again and again. We are focused on not making the sort of unfunded spending commitments—such as the £28 billion that the right hon. Member for Leeds West (Rachel Reeves) herself described as “reckless”—that would really cause difficulties for mortgage holders in Chesterfield and across the United Kingdom.

Neil Coyle Portrait Neil Coyle (Bermondsey and Old Southwark) (Lab)
- View Speech - Hansard - -

Given the jump in mortgage arrears, and to help everyone who is struggling to pay the Tory surcharge on their mortgages since the disastrous mini-Budget, is the Minister considering increasing access to mortgage interest relief?

Andrew Griffith Portrait Andrew Griffith
- View Speech - Hansard - - - Excerpts

There are no plans to change that. Those are matters for fiscal events and for the Chancellor.