PMQs live: Sunak and Starmer clash over homebuilder targets at PMQs

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Copyright: PA Media

Illustrative: The Prime Minister visiting a medical facility earlier this week

Interest rates were raised for the 13th consecutive time last week – and today will be the first time Rishi Sunak and Keir Starmer have faced each other since the BoE’s decision.

In case I need a reminder, the rate has been raised from 4.5% to 5% – this will affect loans, including mortgages, but also those with savings.

The hike aimed at curbing inflation has pushed the bank’s interest rate to its highest level in 15 years. That could prove to be a hot topic at today’s PMQs.

On Sunday, Sunak called inflation “the enemy” and told the audience: “We have to hold our nerve, stick to the plan and we’ll be done with it.”

Meanwhile, Labor leader Starmer said mortgage holders and families were “paying the price for the Tories’ failure”.

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