New analysis has shown families are paying at least £530 more for their mortgages than at this time last year.
Calling for a general election, she added: ‘Despite the U-turns, the damage has been done. Even now, families are still paying more because the Government has lost all credibility.’
UK Finance expects 1.8 million people to remortgage next year, which is around a quarter of all mortgages. Responding to Labour’s analysis, a Treasury spokesperson said: ‘Growth requires confidence and stability. ‘A central responsibility for any government is to do what is necessary for economic stability, and we have done so.
‘But the UK’s long-term economic prospects remain positive as we deliver our mission for growth, and according to the IMF the UK is on course to have the fastest growth in the G7 this year.’
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