Politics
Analysis: Sinn Féin mortgage relief proposal could cost taxpayers €500m
Michael McGrath, the Minister for Finance, has ruled out the move. He said the government cannot ‘make it up as we go along’
Sinn Féin has opened up a new political front by focusing on the families in “mortgage misery.”
For years, people with tracker mortgages were urged to hold onto them at all costs because they were able to pay a very low interest rate which tracked the zero per cent interest rates charged by the European Central Bank (ECB).
But the ECB has increased interest rates five times since last June, with a knock-on increase in ...
