UK households paid £1.05bn in higher mortgage payments since mini-budget last year, Labour claims

Sunak accused of being ‘personally responsible’ for £1.05bn Tory mortgage penalty

(PA) (PA Wire)

Labour has accused Rishi Sunak of being “personally responsible” for what it branded a £1.05bn “Tory mortgage penalty” ahead of another predicted rise in interest rates.

Shadow chancellor Rachel Reeves has told the Prime Minister to “take his fingers out of his ears” as the financial burden on homeowners continues to leave “so many worse off”.

Households have paid £1.05bn in higher mortgage payments since former prime minister Liz Truss’s disastrous mini-budget last year, according to Labour’s analysis of research by the Resolution Foundation think tank.