The Latest Breaking News from Jeremy Hunt

Homeowners will be able to switch their mortgage to interest-only repayments with 'no questions asked'

Chancellor Jeremy Hunt has agreed measures with lenders aimed at helping mortgage holders struggling with high interest rates but has resisted…

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

The Money Saving Expert spoke out after meeting with chancellor Jeremy Hunt

The Money Saving Expert says mortgage holders are being deliberately targeted and savers disadvantged