No Extension Of Mortgage Holiday Shows Government Continues To Bow Down To The Banks

Richard Boyd Barrett TD: No extension of mortgage holiday shows government continues to bow down to the Banks

People Before Profit TD Richard Boyd Barrett has labelled the failure to apply a fresh extension of the mortgage payment holiday shows that the government yet again have bowed to the will of the banks and that this move was a “betrayal of people trying to keep wolf from the door in the teeth of a global pandemic”.

The Dún Laoghaire TD said that the government should be ashamed of themselves following the news that there will be no extension to the mortgage payment holiday the very week after the same government cut the Pandemic Unemployment Payment.

The TD said: “This news that there will not be an extension to the mortgage payment holiday will come as a hammer blow to many people across this country who have, through no fault of their own, lost their jobs, livelihoods and large tracts of their incomes due to the global pandemic that shows no sign of abating. These people still have bills that need paying and the onset of mortgage repayments demands coming through the letter box will strike fear into the hearts of many ordinary people in this country.

“This government not only is showing itself to be completely callous when it comes to the welfare of ordinary people as we can see from the cuts to the PUP, but now Fianna Fail, Fine Gael and shamefully the Green Party have shown that they are entirely captured and subservient to the banks. These are the same banks that we the people bailed out following the financial crisis which they had a very large part in causing.

“This move demonstrates the government’s total and unabashed allegiance to the banks and big finance to the detriment of ordinary people to whom they, the government, have a duty of care.”

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