Mortgages: Interest Rates
(asked on 1st September 2023) - View Source
Question to the HM Treasury:
What recent assessment he has made of the potential impact of the Growth Plan of 23 September 2022 on mortgage rates.
This question was answered on 6th September 2023
Over the course of 2022 high inflation from Putin’s illegal invasion of Ukraine saw interest rates increase across most Western Economies.
This is why the Prime Minister made halving inflation one of the Government’s five priorities this year. The latest Bank of England forecast shows we are on track to halve by the end of the year.