Rachel Reeves of the Labour Party is set to criticize the UK's 'chaotic departure from the EU' and former Prime Minister Liz Truss for contributing to the country's weak economy. In her upcoming speech at a Davos breakfast meeting hosted by JP Morgan, she will argue that this instability has deterred businesses. Additionally, Reeves is advocating for lenders to offer more long-dated fixed-rate mortgages as a solution to the UK housing market's difficulties, a move that commentator Marcus Ashworth views as unlikely to resolve the market's problems.
Labour's Rachel Reeves wants to prompt lenders to make more long-dated fixed-rate mortgages available That kind of meddling won't salve the UK housing market's woes, @marcusashworth writes (via @opinion) https://t.co/ydqPPA3yon
Labour's Rachel Reeves wants to prompt lenders to make more long-dated fixed-rate mortgages available. That kind of meddling won't salve the UK housing market's woes, @marcusashworth writes (via @opinion) https://t.co/9f81gI2YJv
Labour’s mortgage meddling won’t salve UK housing woes: @marcusashworth https://t.co/Qsn3PJEEdI via @opinion https://t.co/KYPA7rAY1G
NEW: Rachel Reeves will blame our “chaotic departure from the EU” and Liz Truss for landing Britain with a weak economy in a speech this morning “This instability has turned businesses away”, she will tell a Davos breakfast meeting hosted by JP Morgan https://t.co/6YSwuctorX
Labour's Rachel Reeves wants to prompt lenders to make more long-dated fixed-rate mortgages available. That kind of meddling won't salve the UK housing market's woes, @marcusashworth writes https://t.co/hXdXz0SOYh via @opinion