Hunt mortgage announcement: This is a sticking plaster for a gushing wound

EMBARGO: Immediate release

Responding to Jeremy Hunt's announcement following today's summit with mortgage lenders, Liberal Democrat Treasury spokesperson Sarah Olney MP said:

"This is a sticking plaster for a gushing wound. Even after today, bailiffs will still be knocking on people's doors because the Government refused to help. 

"Struggling families still face the looming prospect of losing their homes because the Government crashed the economy and sent mortgage bills spiraling. 

"Britain is facing a mortgage crisis and we have a Chancellor who simply isn't up to the job. Jeremy Hunt is failing on his inflation target and now failing to help families with the consequences. 

"It adds insult to injury that there is still no help for renters who face unbearable payments.  Jeremy Hunt is failing families and pensioners. If he is not going to take decisive action then he should step aside."

ENDS