Mortgage Charter Debate

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Department: HM Treasury

Mortgage Charter

Alex Cunningham Excerpts
Monday 26th June 2023

(10 months, 2 weeks ago)

Commons Chamber
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Jeremy Hunt Portrait Jeremy Hunt
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Let me tell the hon. Gentleman what we have done for those families. This year, families on means-tested payments will get a payment of £900, pensioner families will get a payment of £300 and families with someone who is disabled will get an extra payment of £150, alongside a lot of other measures.

Alex Cunningham Portrait Alex Cunningham (Stockton North) (Lab)
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Two of my constituents face a near tripling of their mortgage payments to over £2,600 a month. It is easy for me to talk about the Tory mortgage bombshell and rightly blame the Government for crashing the economy, but what does the Chancellor have to say to my constituents? Why do they have to pick up the bill for Government incompetence?

Jeremy Hunt Portrait Jeremy Hunt
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What I would say to the hon. Gentleman’s constituents is that we are taking the difficult decisions to deal with inflation in this country, as other countries are doing. We will do what it takes, because dealing with inflation is the only way in the long run that we can stop more families going through what is happening to the constituents he mentions.