Sir Keir Starmer has renewed calls for Liz Truss to reverse her kamikaze budget as he warned families face eye-watering mortgage increases.Analysis by the Labour Party suggests an average UK buyer coming off a two-year fixed mortgage could experience a 498 monthly hike if interest rates hit 6%.On Wednesday, the average two-year fixed-rate mortgage on the market breached 6% for the first time since 2008.Based on someone having a 200,000 mortgage paid back over 25 years, their average monthly payments at that rate could have been 881.20,
#people #back #years #consequences #recent-days #downing-street #internationally #interest-rates #sir-keir-starmer #interest-rate
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