Mortgage intervention would be "completely wrong" says CPS Research Director

As interest rates rise and mortgage repayments spiral, the Labour Party and others are calling on government to intervene and support homeowners but the CPS Research Director Tom Clougherty disagrees.

“I think it would be completely wrong for the government to intervene in the mortgage market,” Tom told the Telegraph. “If they really intervened, it would sound the death knell for this era of Conservatism.”

Tom’s comments were also picked up by the BBC and City A.M.

Date Added: Tuesday 20th June 2023