Homeowners hit with £7k 'Tory mortgage penalty', Labour says
"This Tory mortgage penalty has increased the cost of home ownership by thousands of pounds a year, causing huge worry for families, while putting the prospect of owning a home further out of reach for many others.
In response, the Conservative Party did not reference Labour's mortgage rate criticisms - but instead focused on the opposition's decisionShadow chancellor Rachel Reeves on Friday said drastic changes to the economic backdrop over the past two years mean the party's full spending pledge should be delayed.
"Their economic credibility is in tatters after Rachel Reeves finally admitted Labour's borrowing spree would fuel inflation and send interest rates spiralling.
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