Hunt meets with lenders as mortgage crisis worsens
Chancellor Jeremy Hunt is to ask banks if they can do more to support struggling households after a shock interest rate hike deepened the mortgage crisis. He is meeting large lenders including HSBC and Santander in Downing Street on Friday as the Government comes under pressure to relieve the pain. Prime Minister Rishi Sunak and Mr Hunt have ruled out a financial intervention as rates were hiked as the Bank