Labour to highlight mortgage cost rise in byelection campaigning

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Labour is to kick off campaigning in a string of upcoming byelections by highlighting increased mortgage costs in so-called blue wall constituencies, in a tactical shift in which the party will openly target Conservative-held seats coveted by the Liberal Democrats.

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11 Jan 2024

Rachel Reeves, the shadow chancellor, is to visit Kingswood, the constituency vacated by Chris Skidmore, the Conservative who quit as an MP last week in protest at the government’s planned new rounds of oil and gas licences.

Reeves will highlight a Labour analysis of rising mortgage costs in 42 constituencies identified as being in the blue wall, a Lib Dem-coined term for relatively affluent seats, generally Tory held and often in commuter belts around cities.

On Reeves’s visit to Kingswood, just outside Bristol, she will say more than 100,000 households in the 42 constituencies will have mortgages that need renewing this year, with the bulk facing steep increases in payments.

As well as highlighting the continued repercussions of the fiscal crisis sparked by Liz Truss’s brief time