Sector Regulation Sector Regulation

UK banks not being bailed out with new mortgage guarantee, Sunak says

By Fiona Maxwell
  • 11 Mar 2021 12:32
  • 11 Mar 2021 12:32

A new UK policy to guarantee bank mortgages is designed to help consumers, not lenders, the country's finance minister insisted today in the face of accusations from lawmakers.

The state backing, revealed in last week’s budget plans (see here), is designed to boost home ownership rather than provide products in the

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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