Economic Update

Part of the debate – in the House of Commons at 1:03 pm on 8th July 2020.

Alert me about debates like this

Photo of Claire Hanna Claire Hanna Social Democratic and Labour Party, Belfast South 1:03 pm, 8th July 2020

I thank the Chancellor for advancing some very important mechanisms, although I share the concerns of others about those who have fallen through the cracks, such as new freelancers and those on precarious contracts. Given the need to protect confidence in spending, and given the opportunity that historically low interest base rates hold, will the Chancellor consider speaking to the banks, particularly those in which the Government have a majority stake, about offering temporary lower-cost mortgage products, as that could save hundreds of pounds for the average household? Will he be open to meeting me to discuss this idea?