Banks would be forced to help mortgage holders struggling with payments under Labour plans to calm the crisis being set out - but the government is resisting their calls to adopt the measure.
Starmer grills Sunak on 'mortgage catastrophe'Seperately, Liberal Democrat leader Sir Ed Davey urged ministers to act now to prevent a"tidal wave" of home repossessions - with an emergency mortgage protection fund paid for by a reversal of tax cuts for big banks.
Lasting for a year, the protection fund would provide targeted support in the form of grants of up to £300 a month to homeowners on the lowest incomes and those suffering from the sharpest rises in rates.to defuse a"mortgage bomb" hitting core voters.
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