Written Question·Treasury·UIN 191927
Mortgages: Profits
Tabled: 30 June 2023
Answered: 10 July 2023
Question
Rachael Maskell
Labour (Co-op) — York Central
To ask the Chancellor of the Exchequer, whether his Department is taking steps to help ensure that mortgage lenders do not make excessive profits.
Answer
Andrew GriffithThe pricing of financial products, including on lending and savings products, is a commercial decision for firms, in which the Government does not intervene. The decisions on Bank Rate by the independent Monetary Policy Committee (MPC) at the Bank of Engl...
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