Rachel Reeves' Tory manifesto mortgage claim 'very speculative', warns Full Fact

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The fact checking charity says the shadow chancellor's allegation that the Conservatives would add an extra £4,800 to people's mortgages relies on 'multiple assumptions'.

A claim made by Rachel Reeves that the Tory manifesto would increase mortgages by over £4,000 is 'very speculative' and based on 'multiple assumptions', a leading charity has said. Full Fact, which assesses claims made by politicians for their accuracy, said it was 'unclear' how Labour had come to their conclusions about Rishi Sunak's manifesto 'commitments' and how they might impact people's mortgages.

'And we don't yet know the full list of assumptions Labour has made in calculating what extra borrowing could mean for interest rates and how this could translate into a possible rise in mortgage payments.' Mr Sunak's claim that a Labour government would equate to a £2,000 tax rise for working families dominated the first TV leaders' debate on 4 June.

 

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