Keir Starmer brushes off rising mortgage rates — blaming them on the banks

SIR Keir Starmer yesterday brushed disconnected rising owe rates, blaming banks’ “individual decisions”.

The PM said helium was not to blasted for post-Budget hikes successful owe costs, insisting his absorption was stabilising the economy.

He besides admitted past week’s bleak maturation figures were not “good enough” but insisted the Budget had laid the groundwork for inflation and interest rates to fall.

He told reporters: “What we person done with the Budget is to stabilise the system and that, successful my view, was the indispensable archetypal step.

"As a effect of that, the forecasts are for involvement rates to spell down, ostentation to spell down – you saw the figures astir the Budget.”

“(Interest rates) are idiosyncratic decisions for the banks, but the involvement rates volition beryllium coming down.

"We had the maturation figures connected Thursday and Friday.

“Look, they’re not bully enough, they’re not satisfactory – I privation to spell further than that.

“That’s wherefore we’re moving truthful hard to get the concern we request into the country.

"But the archetypal measurement is to stabilise the economy.”

Mortgage costs person been rising - with the mean complaint connected a two-year fixed woody present astatine 5.5 per cent contempt a caller chopped successful involvement rates.