🔴 Labour has extended its lead over the Conservatives to 22 points in the past month, according to a new poll It comes as the Government is facing renewed pressure over its handling of the mortgage crisis
Banking bosses held amorning, after a shock interest rate hike by the Bank of England threatened more pain for struggling households.
Mr Hunt met with large lenders including HSBC, Santander and Barclays in Downing Street, with the Government being urged to relieve the pressure. “We had a very productive meeting. We’re doing everything we can to help customers and help with the anxieties,” NatWest boss Alison Rose said as she left the meeting.Chief executive of Lloyds Banking Group Charlie Nunn said that bosses had held a “good working discussion with the Chancellor”.
Prime Minister Rishi Sunak and Mr Hunt have ruled out a financial intervention as rates were hiked as the Bank of England tries to bring down stubbornly high inflation. Labour has called for banks to be compelled to help struggling mortgage holders in a tougher response, while some backbench Tories have demanded support for under-pressure borrowers.
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