(1 year, 1 month ago)
Commons ChamberThe fundamental thing that we have to do is to halve inflation. That is an approach that the International Monetary Fund “strongly endorses”, because higher inflation drives higher mortgage rates. But that is not all we are doing: with the mortgage charter, signed up to by 90% of mortgage providers, we are giving people help to extend their terms, to go interest-only and to reduce their monthly payments. That action is supported by Martin Lewis, a real money-saving expert, unlike the big spenders on the SNP Benches.
I am of course very happy to give my hon. Friend that assurance. I note that we have provided £7.5 billion of additional funding for social care and discharge. On energy specifically, we have an energy advice service to support smaller businesses and we have been piloting new audit and grant schemes that may also help.