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The Independent UK
The Independent UK
Business
Sophie Wingate

Starmer says subsidy for mortgage holders not right approach to crisis

Rachel Reeves Sir Keir Starmer FCA
PA Wire

Sir Keir Starmer has ruled out Labour backing plans that would see subsidies or financial support for mortgage holders, as struggling homeowners brace for another interest rate rise.

The Bank of England on Thursday raised interest rates to 5% from 4.5% amid persistently high inflation, in a move that will pile further pressure on mortgage holders.

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