September 8, 2023
Relief needed to support households as mortgage interest costs increase by 51% – Pearse Doherty TD

Sinn Féin spokesperson on Finance, Pearse Doherty TD, has called for the introduction of temporary and targeted mortgage interest relief to support struggling households.

The Donegal TD was speaking after the Central Statistics Office (CSO) found that mortgage interest costs had risen by 51 percent in the past 12 months.

Speaking today, Teachta Doherty said:

“Yesterday the CSO released its inflation figures for August.

“The Consumer Price Index shows that the cost of living continues to rise while electricity prices did not fall, despite the sharp reduction in wholesale prices.

“For so many households, the cost of living crisis is getting worse.

“In the past year, mortgage interest costs have increased by 51 percent.

“This is a massive income shock for households.

“The Central Bank estimates that 1 in in 5 households will see their annual mortgage costs increase by €5,700.

“Targeted and temporary mortgage interest relief should be introduced to support struggling households and address this mortgage misery.

“Yesterday’s figures also show that the price of petrol, diesel and home heating oil all rose significantly in the past month.

“The Government’s plan to increase taxes on each is the last thing households need at this time of challenge and financial worry.

“The hikes in excise and the carbon tax should not proceed as workers and families contend with a cost of living crisis.”

Follow us online

Latest Tweets

Transparency & accountability crucial to restore confidence at University of Limerick – @QuinlivanTD

Teachta Quinlivan's comments come following reports the Garda Economic Crime Bureau is examining issues relating to a controversial housing deal at UL.

It is essential that a State apology is now made to the families of the Stardust tragedy.

@MaryLouMcDonald has said that the apology must address the failures of governments, not just 43 years ago in the aftermath of this tragedy, but every day since then.


Following a meeting with the families of the Stardust tragedy this morning, @MaryLouMcDonald has said that "a full state apology to the families must be made now, and it must address the systematic failure over 43 years".


ICOB in danger of being becoming another failed government business support scheme – @loreillysf

“It's essential that the May 1st deadline for registrations is extended, and that government & local authorities engage with SME's to encourage take-up."

Load More