Intervention to reduce recent mortgage increases in the light of fixed libor rate rises

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Intervention to reduce recent mortgage increases in the light of fixed libor rate rises

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A number of banks have in the past months increased their mortgage Standard Variable Rates, they claim due to increases in the Libor rate.

It transpires now that this rate has been artificially manipulated by these same banks to inflate the level.

The Government should therefore intervene to roll back the increase with immediate effect

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