Patricia Gibson
Main Page: Patricia Gibson (Scottish National Party - North Ayrshire and Arran)Department Debates - View all Patricia Gibson's debates with the HM Treasury
(1 year, 6 months ago)
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Andrew Griffith
Once again, we have a contribution from the hon. Lady that completely ignores the fact of the global pandemic, the £400 billion of support we have provided and, although I believe she is highly literate in these matters, the fact that interest rates are rising across the western world.
Patricia Gibson (North Ayrshire and Arran) (SNP)
In the first three months of this year, repossessions increased by 27% on the same period last year, and the latest estimates show that 2.5 million customers will need to renegotiate their mortgages over the next two years, with their payments increasing by £9 billion. Is the Minister really telling us that he is satisfied and that he has no reservations about the way that his Government have mismanaged the economy, with the consequent economic turbulence and soaring interest rates that are literally pricing people out of their homes?