The comments by Sir Charles Bean came as Levelling Up Secretary Michael Gove said he was “concerned” by events in the mortgage market. Mr Gove told Sky News’s Sophy Ridge on Sunday show: “It is a very difficult situation for hundreds of thousands of people and that is why it’s vitally important that the Government does everything that it can in order to help people with the cost of living.”
He added: “When it comes to mortgages, it’s the independent Bank of England’s interest rate decisions that will govern that, but we are looking at everything that we can do in order to help homeowners through this difficult period.”
The squeeze on mortgage holders is set to tighten as the Bank of England gets ready to hike interest rates for the 13th time in a row, experts have said. Some analysts are expecting UK interest rates to rise by another 0.25 percentage points on Thursday and say there could be more hikes on the horizon.
Denne historien er fra June 19, 2023-utgaven av The Herald.
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Denne historien er fra June 19, 2023-utgaven av The Herald.
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OPPORTUNITY KNOCKS
HATCH BENEFITS FROM THE MISFORTUNE OF TEAM-MATES
Randell relishing his new role for Pilgrims
MIDFIELDER IS LEARNING A LOT UNDER HEAD COACH ROONEY
McPhee delighted with the response of Parkway players
IT was the former Prime Minister, Harold Wilson, who famously said that a week is a long time in politics.
Making a song and dance of it
JOAQUIN PHOENIX AND LADY GAGA UNITE FOR A JOKER SEQUEL WHICH DITCHES THE FIRST FILM'S BLOOD, GORE AND ACTION FOR A MORE MELODIC APPROACH
Historic 'house of pleasure' is to be restored
A GEORGIAN 'pleasure house' in the grounds of Mount Edgcumbe Country Park is to undergo a restoration and revival.
Law change plan for assisted dying
PROPOSALS to change the law to give terminally ill people \"choice at the end of life\" are to be introduced in Parliament this month.
Jenrick claim blasted
SAS: Who Dares Wins star Mark \"Billy\" Billingham has said Robert Jenrick's claim that the special forces are \"killing rather than capturing\" terrorists is \"absolutely ridiculous\".
Israeli order to evacuate
THE Israeli military yesterday ordered the evacuation of villages and towns in southern Lebanon that are north of a United Nationsdeclared buffer zone established after the 2006 war.
Prison sentence for sex offender
INDECENT IMAGES OF CHILDREN DISCOVERED
MP to join Warrior Women Walk
EVENT SUPPORTS DOMESTIC ABUSE VICTIMS