City Of London
UK Mortgage Rates Rise Again as Kwarteng Bids to Gain Tory Trust
- Average five-year fixed rate for mortgages has soared to 6.19%
- Chancellor reached out to MPs following controversial budget
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Britain’s mortgage costs continued to climb on Monday as Chancellor of the Exchequer Kwasi Kwarteng prepares to address restless Tory politicians in a bid to regain the trust of his party on his handling of the economy.