Homeowners in Britain are paying thousands of pounds more than Europeans for new mortgages as interest rates soar, damning new analysis shows.
Labour has hit out at the "Tory mortgage penalty" and lashed out at the Government for failing to provide support for families struggling to keep their homes.
New figures produced by the party suggests that even before the latest hike, new mortgages cost a typical household over £2,000 more per year than in France.
