Owner Occupation: Wales

(asked on 28th November 2023) - View Source

Question to the Wales Office:

To ask the Secretary of State for Wales, what recent discussions he has had with the Chancellor of the Exchequer on the impact of changes in the level of interest rates on homeowners in Wales.


Answered by
David T C Davies Portrait
David T C Davies
Secretary of State for Wales
This question was answered on 6th December 2023

The Government is working to support homeowners by driving down inflation which leads to lower interest rates. In doing this, the Government has already met its goal to halve inflation this year.

We are also supporting borrowers struggling with their mortgage payments through the Mortgage Charter, helping customers manage their mortgage payments.

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