Patricia Gibson
Main Page: Patricia Gibson (Scottish National Party - North Ayrshire and Arran)Department Debates - View all Patricia Gibson's debates with the Leader of the House
Business of the House
Patricia Gibson Excerpts(1 year, 3 months ago)
Commons ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Penny Mordaunt
I am sorry to hear that. If the hon. Lady will give me all the information, I will follow it up with the Department on her behalf.
Patricia Gibson (North Ayrshire and Arran) (SNP)
As interest rates are set to rise again to 4%, almost a million households are at risk of defaulting on mortgage payments over the next two years. Borrowers will be hit hard, and the cost of living and purchasing power will be further squeezed. Will the Leader of the House make a statement setting out what her Government can do to support those currently struggling with climbing mortgage interest rates? Otherwise, predictions of a significant rise in repossessions may well happen, at great social cost.
Penny Mordaunt
The hon. Lady will know that stabilising the economy, bringing down inflation—halving inflation—and providing certainty and stability on people’s mortgage rates is a priority for the Prime Minister. I will ensure that the Treasury has heard what she said, but that is a priority for the Government, and the Prime Minister has set out how he will be judged on it.