THE LEADER of Harlow Labour has backed the shadow Labour chancellor’s plan to help to help homeowners struggling with mortgage payments.

Councillor Chris Vince said: “Whilst continuing increases in interest rates are inflicting worry and misery upon thousands of mortgage owners, the Government are more interested in deflecting blame for the crisis on everybody else rather than address the issue. Having spent months blaming Putin for the problems they have now started attacking the Bank of England for doing exactly what they want the Bank to do!

The Prime Minister has said that halving inflation is a top priority, it’s one of his five key pledges, yet it remains stubbornly fixed at higher levels than most other European countries.

When asked recently if he would take responsibility for the failure of these pledges he said “it’s absolutely my responsibility. I’ve told the public to hold me accountable”. This responsibility has evaporated as he now seeks to pass the blame to anyone other than himself.

The Chancellor of the Exchequer has also said he isn’t bothered about the prospect of another recession as long as inflation is brought down. The Government just don’t seem to care about the devastating impact high interest rates and recession have on household budgets which are already stretched to the limit.

While the Government remain impotent and distracted by the internal party squabbles over their disgraced former leader and his coterie of embittered supporters, Labour has developed a plan to help support mortgage holders through the crisis.

Labour would force the banks to help borrowers by allowing temporary switches to interest only mortgages, extending mortgage terms, halting repossession proceedings for 6 months and not penalising the credit rating of people asking for help during this crisis.

“These are practical suggestions to help ease pressure on mortgage holders, that’s the Labour Difference!”