The prime minister is under pressure to offer extra support to squeezed mortgage holders to pay soaring bills as the Bank of England is expected to raise interest rates for the 13th consecutive time.
Labour leader Sir Keir Starmer yesterday branded the government’s policy a “mortgage catastrophe” and claimed at PMQs that the spike in interest rates was costing Brits an extra £2,900 each year.
Mr Sunak is set to steadfastly stick to his commitment to halve inflation this year – something he insists he is on course to achieve – in a speech hours after Bank of England decisionmakers have met to look at interest rates.
Speaking at the economy-focused PM Connect event in the southeast of England, he will look to reassure workers about the pressures being caused by rising prices.
This story is from the June 22, 2023 edition of The Independent.
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This story is from the June 22, 2023 edition of The Independent.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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