The Latest Breaking News from Jeremy Hunt

Chancellor agrees ‘mortgage charter’ to help borrowers but Labour says intervention is ‘weak’

Jeremy Hunt has announced new measures to ease the pressure on struggling mortgage borrowers

Mortgage holders allowed to switch to interest-only for six months without impacting credit score

Chancellor Jeremy Hunt has agreed three key rules with banks and other lenders

It comes after the Bank of England hiked interest rates to 5% - piling mortgage misery on cash-strapped families

In politics there are bad ideas, then there are really terrible ideas and, finally, there are mortgage relief schemes at a time of soaring inflation. Such a policy would, as Chancellor Jeremy Hunt himself has admitted, make the current situation “worse, not better”. And yet, opportunists can sense their moment.

Chancellor Jeremy Hunt and major banks agreed measures on Friday to help ease the pain of rising rates.

The money-saving expert explained how those affected are being hit by higher rates

City comment: As long as the Government keeps applying pressure to lower borrowing costs, bank shares are a clear sell