Jeremy Hunt to urge banks to give more support to families struggling with mortgage payments

Chancellor Jeremy Hunt will ask banks if they can do more to support struggling households after a shock interest rate hike deepened the mortgage crisis 🚨 Visit our live blog for the latest updates:

raised its interest rate from 4.5 per cent to 5 per cent in a bid to bring down inflation, which was 8.7 per cent in May.

The Chancellor earlier this week ruled out mortgage bill support for households, saying that “schemes which involve injecting large amounts of cash into the economy, right now will be inflationary”.

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