Contributions
1,280 recent contributions in Hansard
HANSARDMortgage MarketWe all want interest rates to fall as rapidly as possible. The Bank of England needs to conduct its monetary policy against the target that the Chancellor has set. The Government…13 Jun 2023HANSARDMortgage MarketMy hon. Friend is absolutely right: the last thing that the economy needs at the moment is any party coming forward with more unfunded spending cuts. It is why the Institute for…13 Jun 2023HANSARDMortgage MarketThe hon. Lady is, I am afraid, completely incorrect. The Conservative party is absolutely on the side of home ownership. It is why we have always supported the right to buy, in…13 Jun 2023HANSARDMortgage MarketI honestly think that contribution from the hon. Member is unworthy. I would not go so far as to ask her to withdraw it, but if she looks at my comments she will see that I…13 Jun 2023HANSARDMortgage MarketI am deeply intrigued by the concept that the hon. Lady’s constituents have hitherto been moving to the neighbouring Conservative-held seat of Mid Bedfordshire. Perhaps they…13 Jun 2023HANSARDMortgage MarketIn fairness, it is absolutely the case that these are largely international factors. The job of the Government is to control the variables within their control. The primary thing…13 Jun 2023HANSARDMortgage MarketI thank the hon. Member for his question. It must have been quite hard to get through all those points without once mentioning the fact that this has an international dimension.…13 Jun 2023HANSARDMortgage MarketThe hon. Lady raises the plight of those who have been unable to access even the mortgages at elevated levels that we have been talking about here. I understand the problem; it is…13 Jun 2023HANSARDMortgage MarketI do not have any figures for rental, but the rental market is something we look at closely and we will keep an eye on what happens to those buy-to-let renters. My right hon.…13 Jun 2023HANSARDMortgage MarketI should be grateful if the hon. Gentleman would write to me with those statistics. The statistics I quoted earlier are that the level of mortgage arrears reported by the…13 Jun 2023HANSARDMortgage MarketI can give a number of assurances to the hon. Lady’s constituents. I imagine that Battersea is a very cosmopolitan place, so as people travel around the world they will understand…13 Jun 2023HANSARDMortgage MarketMy Treasury colleagues and I liaise closely with the Bank of England and the Prudential Regulation Authority, whose job it is to assure us of the soundness and resilience of…13 Jun 2023HANSARDMortgage MarketIf York is a low-wage economy, the hon. Lady’s constituents will be benefiting enormously from the unprecedented 9.7% increase in the national living wage. The measures we are…13 Jun 2023HANSARDMortgage MarketOnce again, we have a contribution from the hon. Lady that completely ignores the fact of the global pandemic, the £400 billion of support we have provided and, although I believe…13 Jun 2023HANSARDMortgage MarketThis Government are focused—and this is what our constituents want to hear—on halving inflation, growing the economy and reducing the debt burden. From today forwards, that is the…13 Jun 2023HANSARDMortgage MarketI can absolutely reassure the hon. Gentleman that the Government are focused on his constituents, even if his colleagues find it useful to ask the same question again and again.…13 Jun 2023HANSARDMortgage MarketThere are no plans to change that. Those are matters for fiscal events and for the Chancellor.13 Jun 2023HANSARDMortgage MarketI do not agree with the hon. Lady, however fine her rhetoric may be. The reality is that, if we want the nation’s householders to pay less for their mortgages, we need responsible…13 Jun 2023HANSARDMortgage MarketLet me be clear: the Government understand—I understand—the anxiety of those who have a mortgage, those who have invested in their home and those who wish to do so. That is why we…13 Jun 2023HANSARD Cryptocurrency RegulationI pay tribute to my right hon. Friend for the points that he made about how important it is that we lean into this space. He used the excellent and apposite example of fintech—a…13 Jun 2023