Hopes of banks and building societies giving extra help to households after interest rate rise
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Jeremy Hunt is meeting with the leaders of Britain’s biggest lenders in Downing Street on Friday in an attempt to quell the growing crisis in the mortgage market sparked by rapidly rising interest rates.
The chancellor is expected to ask banks and building societies if they can do more to support struggling households after the Bank of England intensified its battle to tame high inflation with a half-point interest rate increase to 5% on Thursday.
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