David Burton-Sampson

David Burton-Sampson

Labour — Southend West and Leigh

Speaking in the House of Commons on 3 March 2026

Debate

Spring Forecast

Contribution

The Liz Truss Budget in September 2022 affected many homeowners, with mortgage rates shooting up and the average two-year fixed rate exceeding 6%. When I was working in the mortgage industry, I saw the impact of that on working people’s finances. That is still being felt, but does the Chancellor agree that it is because of the actions of this Labour Government in restoring economic stability that we have seen six interest rate cuts since the general election—a welcome relief for many? The Opposition parties, by contrast, have no credible plan, and would return this country to the devastating days of Liz Truss.

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