The MP for Telford has said that the UK is heading for a 'mortgage catastrophe' due to spiralling interest rates.
The MP for Telford has said that the UK is heading for a "mortgage catastrophe" due to spiralling interest rates.Writing on her website, Lucy Allan, who last week announced she was to stand down at the next General Election, said home ownership is the 'ultimate Conservative dream' dating back to Margaret Thatcher.
"That has hideous consequences. It’s not just an extra bill they need to find a bit of extra cash for by skipping a night out or putting off that weekend break. She said as a chartered accountant with a 20-year career in finance, she was worried there was too much complacency over the issue in Whitehall and warned officials that they needed to listen to her concerns.
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