Labour says ‘Tory mortgage penalty’ costs homeowners extra £7,000 a year

Labour says ‘Tory mortgage penalty’ costs homeowners extra £7,000 a year

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Homeowners are being hit with a “Tory mortgage penalty” of £7,000 a year with interest rates triple what they were two years ago, according to Labour. Pat McFadden, shadow chief secretary to the Treasury, blamed what he called the “reckless economic gamble” taken by the Conservatives during…

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