Andrew Gwynne, MP for Denton and Reddish, has slammed the Government after analysis revealed that local people will – on average – pay £175 more per month on their mortgage bills.
Gwynne criticised the Government for pushing up inflation, crashing the economy with Liz Truss’ botched mini-budget, and failing to address the housing crisis.
Labour has set out a four-point plan to tackle soaring mortgage bills by:
- Bringing in a package of immediate mandatory mortgage measures to make sure lenders are doing all they can for borrowers. At the moment, the Government’s approach is leaving 1 million homeowners out in the cold and doesn’t cover 2 million buy-to-let.
- Fixing the housing crisis in the long-term, reforming our planning system to build more quality, affordable homes.
- Introducing a Private Renters Charter to help renters feeling the crunch, whilst making renting fairer and more affordable.
- Getting more people on the ladder and giving local people first dibs on new homes in there area.
This would come alongside action to work towards becoming a clean energy superpower, as well as fixing the gaps in the Government’s botched Brexit deal to bring down the cost of food.
Commenting, Andrew Gwynne said:
“These figures are shocking. That local people are being forced to fork out £175 more every month thanks to Government incompetence is absolutely infuriating.
“In the short-term, we need to make sure that local people are being supported by their lenders so that nobody is left out in the cold. This must come alongside wide-rangingwork to fix our housing crisis, help renters and get more people on the ladder.
“The Tories have shown they aren’t fit to get on with this work, so they need to move out of the way before even more local people end up paying the price.”