London Daily

Focus on the big picture.
Wednesday, Mar 18, 2026

Liberal Democrats: Give struggling homeowners £300 a month

Liberal Democrats: Give struggling homeowners £300 a month

Homeowners struggling to pay their mortgages amid rising interest rates should be able to apply for a £300-a-month grant, the Lib Dems have said.

Under the party's plan, the grant would be available to people whose mortgage payments had risen by more than 10%.

It could be paid for by reversing tax cuts for banks, the party has said.

Sir Ed Davey said: "No family should face losing their home because of the Conservative's reckless mismanagement of the economy."

The Liberal Democrat leader will give a speech in London on Sunday, after the death of Queen Elizabeth II led to his party's annual conference being cancelled in September.

He will attack the Conservatives for planning tax rises and cuts to public services, likening ministers to "bank robbers asking for a loan to buy the getaway car".

Chancellor Jeremy Hunt is due to deliver an autumn budget on 17 November, but has already warned of "eye-wateringly difficult decisions".

The decision to hold a budget was taken after the tax plans of Liz Truss sparked turmoil in financial markets.

Following a backlash, she was forced to sack her chancellor and reverse her proposals. She later resigned as prime minister, to be replaced by Rishi Sunak.

Sir Ed argued that Conservative actions had "added hundreds [of pounds] to people's monthly mortgages".

"The government has a responsibility to step in and fix their own mess, by providing grants to those struggling to afford eye-watering mortgage hikes."

Sir Ed will also use his speech to attack Mr Sunak's re-appointment of Suella Braverman as home secretary, less than a week after she had to resign for breaking data security rules.

"Johnson-like integrity, Johnson-like judgement - Nadhim Zahawi said it was time for Boris 2.0. With Rishi Sunak, it looks like he got his wish," he is expected to say.

Looking ahead to the Liberal Democrats' general election prospects, Sir Ed will argue that his party is well-positioned to win seats in traditional Conservative heartlands, dubbed "the blue wall".

In the past year, the party has had success beating the Tories in by-elections in Shropshire, Buckinghamshire and Devon. However it remains one of the smaller parties at Westminster with just 14 MPs.

Sir Ed will argue that his party is well placed to win seats in traditional Tory heartlands


Under the Liberal Democrat's mortgage protection fund, grants would be offered to homeowners to protect them from losing their homes or falling into arrears.

The party estimates this would cost £3bn and says it could be paid for by reversing cuts to the bank levy and bank surcharge.

The average interest rate charged by mortgage lenders has hit its highest level for 14 years.

A homeowner is considered to be in arrears if they miss two or more months' repayments, However, lenders are required to make reasonable attempts to reach an agreement with those struggling to meet their payments.

Newsletter

Related Articles

0:00
0:00
Close
UK Security Adviser Viewed US-Iran Nuclear Deal as Within Reach Before Sudden Escalation
UK Prime Minister Urges Continued Focus on Ukraine Amid Escalating Iran Conflict
UK Introduces New Safeguards to Shield Lenders from Bank Run Risks
UK Promotional Products Market Surpasses £1.3 Billion as Demand Strengthens in 2025
Reeves Pushes for Deeper UK-EU Economic Ties to Revive Growth
UK Security Adviser Saw No Imminent Iranian Nuclear Threat Days Before War Erupted
France Signals Warm Welcome for UK Return to EU Single Market Amid Renewed Cooperation Talks
UK Defence Official Criticises Boeing Over Delays to E-7 Wedgetail Programme
UK Urged to Secure Quantum Talent as Minister Warns Against Repeating AI Setbacks
UK Mayors Set to Gain New Spending Powers Under Reeves’ Fiscal Devolution Plan
Western Allies Urge Restraint as Israel Weighs Expanded Ground Operation in Lebanon
Trump Warns NATO Faces ‘Very Bad’ Future Without Stronger Allied Support in Iran Conflict
UK Minister Says Britain Not Bound to Support Every Demand From U.S. President
Starmer Tells Trump Britain Will Not Be Drawn Into Wider Iran War
Starmer Tells Trump Britain Will Not Be Drawn Into Wider Iran War
UK Set to Introduce Steel Tariffs of Up to 50 Percent in New Industrial Strategy
European Governments Decline Trump’s Call to Send Warships to Reopen Strait of Hormuz
Fears Over Iran Conflict Weigh on UK Consumer Confidence
Starmer Says UK Working With Allies on Hormuz Shipping Plan After Trump Raises Pressure
Iran War and Energy Shock Shake Britain’s Economy and Political Debate
Deadly Meningitis Outbreak at UK University Leaves Two Dead and Several Seriously Ill
Deadly Meningitis Outbreak at UK University Leaves Two Dead and Several Seriously Ill
King Charles and Queen Camilla Share Personal Tributes to Their Mothers on UK Mother’s Day
Prince William Honors Princess Diana with Mother’s Day Tribute
UK Economy Stalls in January as Households Cut Back on Eating Out
AI-Generated Singer Becomes Viral Voice for Iranians With New Anthem
London Private Club Founder Plans Exclusive Palm Beach Venue Near Trump’s Mar-a-Lago
Ed Davey Urges Britain to Build Fully Independent Nuclear Missile Capability
What the UK Covid Inquiry Is and How It Investigates Britain’s Pandemic Response
What the UK Covid Inquiry Is and How It Investigates Britain’s Pandemic Response
US Treasury Links British Polo Patrons to Alleged Venezuelan Oil Proceeds Laundering Scheme
Hundreds Gather in London Despite Ban on Annual Pro-Palestinian March
Two Dead and Multiple Students Seriously Ill After Invasive Meningitis Outbreak at UK University
UK Considers Deploying Ships and Mine-Hunting Drones to Reopen Strait of Hormuz
Starmer and Trump Discuss Urgent Need to Reopen Strait of Hormuz Amid Escalating Iran Conflict
Prince Harry and Meghan Markle’s Planned Australia Visit Draws Mixed Reaction From Local Communities
Trump Calls on France and UK to Help Safeguard Strait of Hormuz Shipping Route
Boris Johnson Labels Bitcoin a ‘Ponzi Scheme’, Sparking Debate in Crypto World
UK Considers Targeted Aid for Vulnerable Households as Energy Costs Rise
Stellantis Urges Immediate Review of UK Electric Vehicle Sales Targets
Home Office Reverses Course to Allow Some Dual Nationals to Enter UK Using EU Passports
Reform UK Proposes Replacing Top Civil Servants With Officials Aligned to Government Agenda
Netflix Adds Critically Acclaimed ‘Best Film of 2025’ With Perfect Rotten Tomatoes Score
‘The Sums Don’t Add Up’: UK Farmers Hit by Soaring Costs as Iran War Disrupts Global Supplies
Confidential UK Biobank Health Records Found Online After Researchers Accidentally Expose Data
Trump Urges Britain and Allies to Deploy Warships to Safeguard Strait of Hormuz
Trump Urges Britain and Allies to Deploy Warships to Safeguard Strait of Hormuz
Middle East War Highlights Strategic Importance of Strong UK–Ireland Cooperation
Weak Growth Signals UK Economy Was Faltering Even Before Middle East Energy Shock
Marks & Spencer Tops UK Fashion Retail Rankings as Most Considered Brand
×