Tag Archives: mortgages

Rishi Sunak is as tin-eared as Thatcher

I am absolutely livid this morning. I watched in disbelief as Rishi Sunak, without so much as the tiniest bit of empathy, said we all have to “hold our nerve” as interest rates rise higher than they have been in decades.

That is not going to go down well with the millions of homeowners who face having to find an average of £2900 more a year if they are unfortunate enough to have to remortgage in he next year as their fixed terms come to an end. This is on top of the double whammy of high inflation and energy prices.

A Prime Minister who does not have to worry about money telling people that he’s going to make unpopular decisions for their own good is never going to go down well, but he could at least have tried to do something to show that he was on their side.

I don’t think I have ever heard anything so tin-eared from a Prime Minister since Thatcher refused to listen to reason over the poll tax back in the early 90s and that did not end well for her.

Let’s be clear, people are at risk of losing their homes if they can’t keep up their mortgage payments, whether they are forced to sell or whether their home is repossessed. I lived through that in the 90s where every day I saw people having their homes repossessed. And sometimes it was the tenants, finding out at the last minute that bailiffs were coming to evict them, who would turn up in shock, seeking support and a way out of this horrible situation.

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28 March 2023 – today’s press releases (Welsh Edition)

  • Welsh Liberal Democrats Launch Plan to Save NHS Dentistry in Wales
  • Interest Rate Rise Signals More Pain for Homeowners in Powys

Welsh Liberal Democrats Launch Plan to Save NHS Dentistry in Wales

The Welsh Liberal Democrats have launched their plans to save NHS dentistry in Wales, warning that unless the Welsh Labour Government takes action now NHS dentistry risks going extinct.

The Party have accused Labour Ministers in Cardiff Bay of utterly failing to get to grips with the problem, allowing an appalling two-tier system of dentistry in Wales to flourish whereby if you can afford it you go private, but those who can’t are left waiting in agony for months and sometimes years.

Talking to her party Welsh Liberal Democrat Leader Jane Dodds outlined that using her influence to fix NHS dentistry is one of her top priorities in the Senedd.

A previous FOI by the Welsh Liberal Democrats showed that over 800 children in Powys were waiting for an NHS dentist while in Cardiff the waiting list for children and adults is over 15,000 people. Other health boards do not operate centralised waiting lists which the Liberal Democrats state is a problem in itself.

Among the proposed actions laid out in the report, which was produced with industry professionals include:

  • Resolving outstanding contract issues as a priority
  • Integrating primary dental care more closely with other NHS primary care, especially to ensure that services are available in remote and rural areas
  • Increasing per-capita spending from the current £47 to match the levels of Scotland (£55) and Northern Ireland (£57)
  • Setting targets for Health Boards in terms of numbers of, and waiting times for, appointments, empowering them to use salaried staff to achieve those targets as well as entering into agreements with private sector providers
  • Setting up set up a national waiting list system to ensure that the process of getting an appointment is more efficient, and that fewer appointments are lost
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9 February 2023 – today’s press releases

Unusually, there don’t appear to have been any yesterday, but the Liberal Democrat press team were back in action today. And so, without further ado…

  • Home repossessions rise after Liz Truss budget
  • A&E Stats: Patients are paying the price for Conservative mismanagement
  • Rishi Sunak playing ‘a reckless game’ with CO2 emissions as two more private flights confirmed

Home repossessions rise after Liz Truss budget

  • Mortgage repossessions by court bailiffs double as more people lose their homes in the cost of living crisis
  • Liberal Democrats call for Spring Budget to include help for families at risk of losing their homes

New figures out this morning from the Ministry of Justice show that mortgage claims, orders, warrants and repossessions have all increased in the three months to December 2022, following the Liz Truss mini-budget

Compared to the same quarter in 2021, mortgage possession claims are up 23%. Mortgage orders for possession are up 50%, warrants up 88% and repossessions by county court bailiffs have doubled, up 134%.

Today’s figures are the first since the disastrous Liz Truss mini-budget, which sent interest rates to their highest levels since the 2008 financial crisis.

The Liberal Democrats are calling on the Government to include a fund in the Spring Budget to ensure homeowners do not lose their homes as a result of rising mortgage bills.

Liberal Democrat Treasury spokesperson Sarah Olney said:

The consequences of the mortgage ticking bomb set-off by Liz Truss are being felt hard by homeowners. It is shocking that Liz Truss has still refused to apologise for her economic vandalism which has crippled people with mortgage misery

People’s homes are on the line and still the Government refuses to act. Botched budgets and a complete failure to control inflation has led to this point.

Ministers must act now before any more families face the heartbreak of losing their homes.

The capital and South East have been hit hardest by the mortgage timebomb with bills rising by hundreds of pounds a month, yet still the Government refuses to act. Rishi Sunak is nowhere to be found on this. It is time he stepped in and introduced an emergency mortgage protection fund to stop people losing their homes.

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