Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the report by LSE London entitled Releasing The Mortgage Prisoners, Proposed solutions and illustrative costings, Final Report, published in February 2023, whether he has made an assessment of the implications for his policies of the findings in that report.

The Government understands that being unable to switch your mortgage can be extremely stressful.

The Government has consistently committed to looking for practical and proportionate options where they will deliver genuine benefits for affected mortgage borrowers, and where interventions are fair to borrowers in the active market, and to taxpayers. We will consider the proposals put forward in this very recently published report carefully.