Chancellor rejects mortgage relief schemes

Chancellor Jeremy Hunt has ruled out introducing major financial support for mortgage holders, stating that offering mortgage relief schemes would "make inflation worse, not better." Mr Hunt said: "Much as we sympathise with the difficulties and will do everything we can to help people seeing their mortgage costs go up, we won't do anything that would mean we prolong inflation." Instead, the Chancellor will meet with mortgage lenders on Friday to discuss what help they plan to give to those unable to keep up with higher mortgage payments, as well as what "flexibilities" they will offer to families in arrears. 

BBC News (20/06/2023)