Chancellor warns homeowners mortgage payments could rise by more than £1,000
Rishi Sunak has warned that homeowners will see mortgage repayments rise. He also threatened oil and gas giants with a windfall tax on their profits. Govt wants them to increase investment to shore up Britain’s energy supplies.
It's a reversal to previous opposition over fears it could hit investment and jobs. Mr Sunak warned that ‘nothing is ever off the table in these things’. Business Sec Kwasi Kwarteng is against the policy, calling it a 'tax on jobs'
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