Mortgage Rates and the Bank of England

Part of Treasury – in the House of Commons at on 11 October 2022.

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Photo of Laurence Robertson Laurence Robertson Conservative, Tewkesbury

I thank the Minister for that response. Obviously, the world situation is the biggest cause of the rise in interest rates, but that rise is having a detrimental effect on mortgage payers and risks negativising the welcome help that the Government have provided through energy costs and tax cuts. Will the Chancellor and Ministers meet more regularly with the Bank of England to co-ordinate policy a little more closely?