NEW research shows that UK mortgages are some of the most expensive in the world, according to Labour’s Emily Thornberry.
The Shadow Attorney General told GB News: “It goes up to about £2,000 [a year] difference between us and the French, £1,000 compared to the Irish, and so it goes on – £800 compared to the Germans, although Rishi Sunak keeps telling us that interest rates are higher around the world.
“What’s happening is that British mortgage payers are paying more for their mortgages than most other countries around the world.”
In a discussion during Breakfast with Eamonn Holmes and Ellie Costello, she continued: “We would say the reason is a simple one, which is that the economy is a mess. We have not had any growth.
“We have not had a government that’s been interested in growth particularly, and then on top of that, we’ve had the KamiKwasi budget, which has caused such terrible problems in the short term for mortgage payers and cost the country a huge amount of money.
“So it’s been a mixture of general incompetence and bumbling along, added to a terrible crisis that we all saw in the autumn.”
She added: “There are two things that need to be done. So the things that we will be responsible for will be making sure that we have a competent economic team that is making proper decisions in the long term interests of our country. We need to turn our economy around and we need to start growing.
“We need to change our planning system. We need to make sure that we invest in green energy so that there are jobs in the right places, good quality jobs.”
