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The Independent UK
The Independent UK
National
Adam Forrest

Britons face £500 hike in mortgage payments due to ‘kamikaze’ budget, Labour warns

Liz Truss Sir Keir Starmer Kwasi Kwarteng
PA Wire

Sir Keir Starmer has called on Liz Truss and chancellor Kwasi Kwarteng to reverse their “kamikaze” mini-Budget as he warned families face “eye-watering” mortgage increases.

An average UK buyer coming off a two-year fixed mortgage could experience a £498 monthly hike if interest rates hit 6 per cent, according to Labour analysis.

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