Labour ‘very concerned’ about the situation homeowners face

Shadow Business minister Seema Malhotra says she’s “very concerned” about the situation homeowners face following the Bank of England’s decision to raise the interest rate to 5%. Chancellor Jeremy Hunt met with mortgage lenders including NatWest and Nationwide at Downing Street this morning as the government comes under pressure to relieve the financial strain. Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn