Written Question·Treasury·UIN 195553

Credit Unions

Tabled: 20 July 2023
Answered: 6 September 2023

Question

Stephanie Peacock

LabourBarnsley South

To ask the Chancellor of the Exchequer, with reference to increased mortgage interest rates, what steps his Department is taking to promote credit unions.

Answer

Andrew Griffith
The pricing of mortgages is a commercial decision for lenders, including relevant credit unions, in which the Government does not intervene. However, we recognise this is a concerning time for mortgage borrowers. On Friday 23 June the Chancellor met with ...

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