UK finance ministry to work closely with banks on mortgages - statement


Reuters | London | Updated: 06-10-2022 20:01 IST | Created: 06-10-2022 20:01 IST
UK finance ministry to work closely with banks on mortgages - statement
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  • United Kingdom

Britain's finance ministry will work closely with the financial sector on mortgage lending, finance minister Kwasi Kwarteng told banks during a meeting on Thursday, a Treasury statement said.

"While it is the responsibility of the sector to provide the best value for mortgage rates, the Chancellor confirmed that the Treasury would continue to work closely with the sector in the weeks and months ahead," a readout of the meeting said.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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