The Prime Minister has signalled the Government will not be offering any extra help to homeowners struggling with rising mortgage rates.
In a huge blow to those already on the property ladder and first time buyers, Mr Sunak said on ITV’s Good Morning Britain the Government needs to ‘stick to the plan’ to halve inflation amid the cost-of-living crisis.
It comes as the average two-year fixed mortgage rate soared above 6% on Monday, in more bad news for homeowners and prospective buyers.
Asked if the Government will be offering help to people facing difficulty keeping up with the growing rates of mortgage repayments, Mr Sunak said: “I know the anxiety people will have about the mortgage rates, that is why the first priority I set out at the beginning of the year was to halve inflation because that is the best and most important way that we can keep costs and interest rates down for people.
“We’ve got a clear plan to do that, it is delivering, we need to stick to the plan.
“But there is also support available for people. We have the mortgage guarantee scheme for first-time buyers and we have the support for mortgage interest scheme which is there to help people as well.
“But look, that is why my first priority is to halve inflation, one of my other priorities is to cut the waiting lists.”
It has been reported in The Times, the Government is considering prioritising British citizens on social housing lists in order to cut waiting times.
There are currently more than one million people waiting for social housing, and under current rules, refugees, migrants with visas and people who came on schemes such as Homes for Ukraine are eligible for council homes.
On Sunday, Levelling Up secretary Michael Gove said he was ‘concerned’ by events in the mortgage market and he hoped help for mortgage holders was being kept ‘under review’.
Speaking to Sky News’ Sophy Ridge, he said: “It is a very difficult situation for hundreds of thousands of people and that is why it’s vitally important that the Government does everything that it can in order to help people with the cost of living.”
He added: “When it comes to mortgages, it’s the independent Bank of England’s interest rate decisions that will govern that, but we are looking at everything that we can do in order to help homeowners through this difficult period.”
The Bank of England is set to increase interest rates for the 13th time in a row on Thursday, putting a tighter squeeze on mortgage holders during a cost of living crisis.
Some experts are expecting interest rates to rise by 0.25% — taking the rate to 4.75% — and have warned there could be further increases on the horizon.
This would help to drive the cost of borrowing and hitting more than a million mortgage holders whose fixed-rate deals are due to expire soon.
All four teenagers named in sentencing for killing of Kyle Hackland
They were sentenced to over 70 years between them
Kyle Hackland was stabbed to death in broad daylight in South Manchester last year, as all four teenagers have now been named.
Kyle, who was 17 at the time, was stabbed to death in a violent attack at around midday, in Withington, back in November 2022.
Today, four teenagers have been sentenced for over 70 years between them, with three found guilty of murder and one found guilty of manslaughter.
Tafari Kosey-Smith and Alfie Benson can now be named after they were both jailed following the six-week trial.
Yousef Sesay was sentenced to 22 years, Lewis Ludford for 21 years (with two years concurrent for a bladed article) and Kosey-Smith for 19 years (with two years concurrent for a bladed article), after all were found guilty of murder.
Whilst Benson was jailed for 12 years (with two years concurrent for burglary offences) after being found guilty of manslaughter, at Manchester and Salford Magistrates Court today, on Tuesday October 3rd.
Those sentenced drove around the area in a stolen Volkswagen Golf looking to seek revenge when they came across a Mercedes vehicle which they wrongly believed was connected to Kyle’s friend.
The group attacked the vehicle with weapons by smashing the windscreen before continuing their hunt when within minutes they came across Kyle and his friend walking along Southlea Road.
His friend subsequently ran from the scene leaving Kyle alone with the entire incident being captured on CCTV.
One of those carrying out the chilling attack could be heard shouting loudly ‘chef him’ on four occasions, immediately before Kyle was brutally attacked with knives.
The violent assault on Kyle continued by three of the four before returning to the waiting car which was driven away at speed by the other member of the group, leaving Kyle to collapse on a driveway where members of the public tried to save his life before emergency services responded to the scene.
Despite everyone’s best attempts, Kyle sadly died a short time later at hospital as a direct result of the catastrophic injuries inflicted on him.
Senior Investigating Officer, Detective Chief Inspector David Moores said: “This is another heart-breaking example of how carrying a knife can have devastating consequences in a matter of seconds.
“Our thoughts as a force are once again with Kyle’s loved ones who will have to continue to live with the pain, but hopefully this can be eased in some way with the conviction of his killers.
“Officers in our Major Incident Team have worked tirelessly to bring justice, and, in our role, we are reminding any young person willing to carry a knife to put it down and think twice before doing so. It is not worth it and can ultimately cost yours and other people’s lives.”
Paying tribute to him around the time of the incident, Kyle’s family added: “We are devastated by the death of our beloved Kyle.
“He was such a kind and well-mannered young boy who always looked out for his family – never failing to say ‘love you’ as he walked out the door.
“There are no words that can even begin to describe the pain we feel. We have always been such a close family, and this has shattered us all.
“He will forever be missed as a beautiful son as well as a caring and helpful big brother, grandson, nephew, cousin, and friend. Life will never be the same without him, we are completely broken.”
If you know or suspect someone is carrying a knife, please report it immediately. Greater Manchester Police can be contacted via gmp.police.uk or 101. In an emergency, always dial 999.
Manchester now more expensive to live in than London new study reveals
It showed Mancunians were left with the lowest amount of disposable income
According to a new study, people living in Manchester are spending more of their salary than Londoners on their monthly bills.
The study, conducted by Money Supermarket, calculated how much the average person in the UK spends on their household bills each day.
The data collected revealed residents in Manchester are typically spending nearly 80% of their income after tax on things like food, rent, bills and travel costs – found to be higher than anywhere else in the UK.
The results showed that those living in London were spending 66% of their income in comparison.
London is often labelled as the most expensive city to live in the UK but the study showed that Mancunians are actually using up a higher percentage of their income to live.
The research, which involved polling 2,000 people as well as taking information from Money Supermarket’s database, showed those living in Manchester spent £1,784.90 a month or £59.50 a day – which works out as £11 more than the average for the rest of the UK.
It also revealed that the northern city spends more on energy, phone contracts, car insurance and pet insurance than the rest of the country.
And Manchester is among the cities who pay the highest for broadband bills and school costs – including clothes and childcare.
It seems its residents also have the highest costs on things like toiletries, gym memberships, gaming and news subscriptions.
Londoners earn the highest average income of £30,302 with an average daily spend of around £55.72 on everyday essentials. Their higher income means people in London spend less on average on bills.
Meanwhile, Mancunians earn around £28,158 but spend around 76% of their wage, leaving them with the lowest rate of disposable income.
According to the research, people living in Manchester spend more on the following than anywhere else in the UK:
- Energy (£161.30 v £133.30 avg)
- Phone contracts (£74.10 v £42.50 avg)
- Car insurance (£49.20 v £39.10 avg)
- Pet insurance (£25.20 v £14.40 avg)
- Broadband (£69.20 v £54.50 avg)
- School costs (including clothes and childcare) (£86.90 v £63.70 avg)
Man to appear in court charged with murder of mum from Gorton as family pay tribute
Her family have paid tribute to their ‘most perfect daughter’
Greater Manchester Police have confirmed a man is due to appear in court charged with the murder of a mum from Gorton, as her family pay tribute to their beloved daughter.
Charlene Mills, 43, died following an incident in Hyde Road on Saturday, September 30th.
Officers were called to the address at around 11.20am after receiving reports regarding the concerns for the welfare of a woman.
Emergency services attended the scene, but Charlene sadly died. A 52-year-old man was arrested on suspicion of murder.
Peter Pitt, 52, of Hyde Road, Manchester, has been charged in connection with Charlene’s death.
Pitt is remanded in custody, due to appear at Manchester Magistrates Court today, (Monday October 2nd).
Yesterday, Charlene’s family paid tribute to her, saying she was ‘beautiful inside and out’.
Her family said: “We are so deeply saddened by the sudden loss of Charlene. She was beautiful inside and out and had a personality that would bring a smile to the faces of all that knew her, no matter what the situation.”
The tribute continued: “Charlene, or Char as we all knew her, was the most perfect daughter and big sister to Amber. She loved being a mum and idolised her son Rydell and dog, Boxer. “
“She was strong-willed, kind, and cheeky, overcoming so many obstacles in her life. The world just won’t be as fun without her, and our treasured memories of Char are the only little pieces of comfort we have.
“We are heartbroken and still coming to terms with this devastating news. We are extremely grateful for the messages of support and to those who have paid their respects by laying flowers.
“We now ask for privacy and time to grieve.”