NEWS… BUT NOT AS YOU KNOW IT
Homeowners hit by surging mortgage repayments should get grants of up to £300 a month to help cover the costs, the Liberal Democrats have said.
Speaking in London, Sir Ed Davey said millions of homeowners are paying a ‘Conservative property premium’ after Liz Truss and Kwasi Kwarteng’s disastrous mini-Budget.
The Lib Dem leader said the Government did not have a ‘shred of credibility’ after the turmoil of recent weeks as he reiterated his demand for an immediate general election.
He called for the creation of a £3 billion mortgage protection fund – paid for by reversing cuts to taxes on banks dating back to 2016 – to assist families facing crippling increases in their repayments.