Mortgage repossessions soared after Truss mini-budget, says Labour

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Angela Rayner accused former prime minister Liz Truss of staging a ‘twisted victory lap’ as families face higher mortgage bills.

Labour accused Liz Truss of staging a ‘twisted victory lap’ while families struggled with higher interest rates

That rise in repossession claims included a 38% increase in the last three months of 2023 compared with the last three months of 2022. Ms Rayner said: “Families across Britain have been put at risk of losing their home because of Liz Truss’s disastrous mini-budget. Figures from the Ministry of Justice showed there were 16,598 repossession claims in England and Wales in 2023, up from 13,211 the previous year.

Source: Loan Digest (loandigest.net)

 

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