AssetID: 54920006
Headline: UNCAPTIONED: Chancellor Rachel Reeves Eases Mortgage Rules to Boost Growth
Caption: Chancellor Rachel Reeves Eases Mortgage Rules to Boost Growth. Chancellor Rachel Reeves has unveiled a new UK mortgage policy to boost the economy and support first-time buyers. Income requirements drop to £30k for individuals, £50k for couples, with loans up to 4.5× salary. The government projects 36,000 new mortgages in the first year, with 10,000 set to be granted by Nationwide alone. This deregulatory move is part of Reeves' broader push to stimulate investment and risk-taking across UK financial services. It marks a reversal of strict lending rules imposed after the 2008 financial crisis, sparking concerns about financial stability. Critics warn the plan may risk repeating mistakes that contributed to the previous crash, raising alarm among economists. The reforms come amid rising economic anxieties, following a slight GDP drop of 0.1% in the second quarter. Reeves faces additional pressure over controversial benefit U-turns and stalled UK growth, adding to the national debate. A YouGov poll reveals most Brits back cutting benefits for mental health conditions, a stance supported by Tory leader Kemi Badenoch. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Rachel Reeves,UK economy,mortgage rules,first-time buyers,financial deregulation,economic growth,housing market,Nationwide,IFS,Helen Miller,Labour government,GDP decline,benefit cuts,Kemi Badenoch,YouGov poll
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