Labour warns of £4,800 mortgage hike from Tory plans

The Conservatives’ plans will lead to “a second Tory mortgage bombshell”, Rachel Reeves has said. Speaking at a press conference responding to the Tory manifesto, the shadow chancellor said: “The analysis that we have conducted since publication has identified £71 billion of unfunded commitments.” She continued: “The result would be an increase in the average mortgage totalling £4,800 over the course of the parliament.” Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn