PM Starmer Highlights Interest Rate Cuts and Financial Relief for Families.

London:

Prime Minister Keir Starmer recently highlighted the impact of the Labour government’s economic policies, noting that six interest rate cuts since taking office are providing tangible financial relief for families across the UK.

Addressing the nation, the Prime Minister emphasized that households taking out a new mortgage are now almost £1,400 a year better off compared to the period under the previous Conservative government. “This demonstrates that our policies are directly benefiting working families and easing the cost-of-living pressures many are facing,” Starmer said.

While acknowledging that there is still work to be done, the Prime Minister described the developments as “positive news” for households and businesses alike. He stated that the Labour government is committed to supporting working people and helping the UK economy recover steadily.

“This Labour government is delivering for working people, and Britain is turning a corner,” Starmer said, signaling optimism about future economic stability and growth.

Economic analysts have noted that the combination of interest rate cuts and other fiscal measures has helped reduce borrowing costs and improve household disposable income, particularly for first-time homebuyers and families with mortgages.

The Prime Minister’s statement comes amid ongoing discussions about the trajectory of UK economic policy, inflation control, and measures to support families facing financial pressures.