The Chancellor is being urged to “act now” as new analysis suggests more than 3,000 households are facing “staggering hikes” in their mortgage payments every day.
The Liberal Democrats are warning of a “mortgage ticking time bomb”, as the party predicts that between now and the expected release of Kwasi Kwarteng’s medium-term fiscal plan on November 23, roughly 168,000 more homeowners will have been hit by a new higher rate.
