Contributions
1,178 recent contributions in Hansard
HANSARDMortgage CharterThe hon. Lady raises a very fair point. I will write to her with some details of what we are thinking in that area.26 Jun 2023HANSARDMortgage CharterThe hon. Gentleman is right to raise this issue. I reassure him that banks are required by the FCA to offer a tailored solution to people who get into arrears, specific to their…26 Jun 2023HANSARDMortgage CharterIt is generous of the hon. Lady to put aside so many things. I will also put aside the fact that Labour opposed the powers that would have meant the mandatory imposition of the…26 Jun 2023HANSARDMortgage CharterThe hon. Gentleman is right to draw attention to that issue, and I simply say that the biggest measure in the spring Budget was the childcare measure that will mean families with…26 Jun 2023HANSARDMortgage CharterIt is a very complicated issue. I have said I will write to the hon. Member for North Shropshire (Helen Morgan), and I am also happy to write to the hon. Gentleman. If he is…26 Jun 2023HANSARDMortgage CharterThe hon. Lady is absolutely right to talk about the impact on renters because of the high prevalence of buy-to-let landlords and the pass-through effect. That is an area we are…26 Jun 2023HANSARDMortgage CharterWhat I would say to the hon. Gentleman’s constituents is that we are taking the difficult decisions to deal with inflation in this country, as other countries are doing. We will…26 Jun 2023HANSARDMortgage CharterLet me tell the hon. Gentleman what we have done for those families. This year, families on means-tested payments will get a payment of £900, pensioner families will get a payment…26 Jun 2023HANSARDMortgage CharterThe hon. Lady is absolutely right to be concerned, as we all are, about families in her constituency who are worried about the impact of rising interest rates on their mortgage…26 Jun 2023HANSARDMortgage CharterLet me give the same answer that I gave to the hon. Member for Chesterfield (Mr Perkins). Core inflation is higher in more than half the EU countries, so it is not just about us.26 Jun 2023HANSARDMortgage CharterThe hon. Lady may want to belittle the fact that 400,000 more children and 200,000 more pensioners have been taken out of absolute poverty, but I think that that is an important…26 Jun 2023HANSARDMortgage CharterWe continue to have conversations with everyone who is involved in relieving families who are in distress because of debt arrears, whatever they may be, but I think the most…26 Jun 2023HANSARDMortgage CharterWe will be making big efforts to sign up any remaining lenders who have not subscribed to the charter. To reach a level of 85% over a period of four days is a good start, but we…26 Jun 2023HANSARDMortgage CharterMy hon. Friend is absolutely right. If more people are encouraged to save, that is technically counter-inflationary and something to be encouraged.26 Jun 2023HANSARDMortgage CharterWe will do everything we possibly can to help people in difficulties, except measures that are themselves inflationary.26 Jun 2023HANSARDMortgage CharterI am absolutely delighted to give that confirmation.26 Jun 2023HANSARDMortgage CharterThe agreement will take effect in the next few weeks, but the context of the agreement with the banks and lenders is one where they are agreeing to do everything they possibly can…26 Jun 2023HANSARDMortgage CharterI thank my hon. Friend for a thoughtful question. The measures agreed by the banks and principal lenders on Friday will make a big difference, particularly for people who are…26 Jun 2023HANSARDMortgage CharterI am happy to give my hon. Friend that reassurance. I will continue to talk not only to the lenders but the regulators, who I am meeting later this week, to see if there are any…26 Jun 2023HANSARDMortgage CharterMy hon. Friend makes a good point. All lenders had some of those measures to a lesser or greater extent. What is significant about Friday is that they aligned their offer so that…26 Jun 2023