Tory MP Damien Moore is up now - he represents Southport in the north-west of England, and asks about the town's pier.

He says the landmark attracts tourists and is a vital part of the town, but accuses the Labour-run Sefton Council of shutting it down. Moore asks the PM to help him keep the pier open.

Sunak responds by praising Moore for "getting the government to provide £2m as part of the coastal community fund", which he says will help pay for improvements to the pier, as well as a "landmark" town deal for Southport.

Labour's Alison McGovern, the shadow secretary of state for employment rights, asks the PM what will happen if he is unable to meet his promise to bring inflation down to 5% by the end of the year - more "ranting about the Labour party or the general election my constituents crave?"

Sunak says: "We are sticking to the course of bringing inflation down... That requires making difficult and tough decisions and prioritising".

"Those are the types of responsible decisions the government will make because they're the right ones for the country," he says.

A question on the future of the steel industry now from Labour MP Chris Elmore.

"Hundreds of steel workers are outside Parliament and some are in the gallery, calling on PM to back our vital steel industry before its too late," the MP for Ogmore says.

Will Sunak act now to protect the steel industry and introduce climate measures, he asks.

Sunak says he is proud to support the steel industry - saying that is why he implemented the Energy-Intensive Industry scheme and Industrial Energy Transformation Fund.

That is why he stepped in to support a steel company in Wales during the pandemic, he adds.

Labour's Chris Bryant tells Rishi Sunak he has now "had responsibility for the UK economy for 1323 days" but has delivered the largest national peacetime debt.

He adds that the country also faces its largest tax burden since World War Two and the fastest interest rate rises since 1989.

Bryant asks if Sunak will stop lecturing his constituents about holding their nerve, and admit he is the worst person to lead the country?

Sunak answers by saying Labour only offer ideas that would make the situation worse - accusing the opposition party of giving into union pay demands and not using the UK's energy resources.

Plaid Cymru's Westminster leader Liz Saville Roberts accuses Sunak of pushing families into poverty while corporate profits pile up.

She quotes the International Monetary Fund (IMF) as saying that companies need to cut their profit margins, and argues "corporate greed" is fuelling inflation, not fair pay for workers.

As a result, she adds, one in five people in Wales are facing hunger.

Sunak replies that the chancellor met regulators this morning to discuss fair pricing to ease the burden on consumers.

He adds that the IMF has strongly "endorsed our plan to halve inflation".

It's now the turn of other party leaders and backbenchers to quiz the prime minister. We'll continue to bring you the highlights.

On housing, Conservatives have tied themselves in knotspublished at 12:21 British Summer Time 28 June 2023

12:21 BST 28 June 2023

Chris Mason
Political editor

It is striking how often - speaking to MPs of all parties - housing is raised spontaneously as a huge issue in so many parts of the UK.

The Conservatives have tied themselves in knots in recent years over housebuilding.

Some in the party wanted to turbo charge it. Others - particularly in seats where the Liberal Democrats are snapping at their heels - were much more sceptical.

But listening to the prime minister’s responses, you can hear him trying to pick away at the same central fault line on this issue - the gaps that can so often be found between national policy and what politicians often say when confronted by politically tricky development proposals in their own backyards.

Image source, House of Commons/PA Media

Flynn says that Sunak's answer confirms that the PM is "out of touch" and that the Tory party will soon be "out of time".

But Flynn also makes a jab at Labour, which he says, alongside the Tories, refuses to "accept proposals for public sector pay rises whilst at the same time accepting the economic damage of Brexit".

Westminster offers people neither "real change nor real hope" for the future, he says.

Sunak says Flynn has exposed the "economic illiteracy of the SNP" and says his questions support policies that would increase inflation, increase government borrowing and make the situation worse.

The SNP economic management is "not fit for anyone" in the UK, he says.

It's now the turn of the SNP's leader at Westminster, Stephen Flynn, who begins his questioning by accusing Sunak of patronising the public over the weekend.

It comes after Sunak gave a interview on Sunday, asking those worried about their mortgages to "hold their nerve".

Flynn says he wants to ask the PM, a "billionaire", when the last time was that he struggled to pay a bill.

Sunak responds by saying interest rates are rising because the government is busy tackling inflation, and that means people do need to be patient.

We're taking practical steps to support mortgage holders, Sunak insists.

For some context - the Bank of England raised interest rates from 4.5% to 5% last week in a bid to stop prices rising so quickly.

It’s the 13th consecutive rise in interest rates. It’ll mean further pain for homeowners and likely knock-on effects for renters - but could benefit savers.

Labour leader Sir Keir Starmer says the PM is the only person who thinks enough houses are being built - but the "ambitions of families across the country are being crushed by this failing Tory government".

He can't stand up to his own party on housebuilding, adds Starmer, while those with homes are paying a "Tory mortgage bombshell".

Rather than asking people to hold their nerve, Starmer concludes, why doesn't Sunak try to locate his?

Sunak says that Starmer has not understood the detail of the mortgage charter, so he explains it again and talks about the new measures introduced.

He says he is proud to protect the greenbelt and develop brownfield sites.

Sunak says he delivers on what he promises, and Keir Starmer does not.

Sunak says most of the mortgage market is now covered by the new mortgage charter, which allows home owners to do things like extending mortgage terms and switching to interest-only options - saving mortgage holders "hundreds of pounds a month".

"We have introduced a 95% mortgage guarantee scheme, first homes and shared ownership schemes to get people onto the housing ladder," Sunak says.

He again adds that these measures, combined with cutting stamp duty, have resulted in "the highest number of first-time buyers in 20 years".

At least the Tories aren't claiming to be the party of homeownership any more, Starmer says, adding that Labour is now that party.

There are lots of cheers from Starmer's backbenches at this point.

He criticises Sunak's stance on banks now, asking how many people will have to lose their homes before the Tories will stand up for those "put into economic misery".

Again, there are lots of cheers from Labour's benches.

Sunak goes on to say that he can't trust a word that Labour says any more.

"I don't think he has noticed his shadow housing secretary doesn't agree with his new policy of concreting over the green belt," he says.

Sunak says he thinks that policy is quite sensible but you can't trust a word Labour says.

Starmer says Sunak has given up - and his failure is not just shattering the dream of home ownership, but also hitting those with a mortgage.

The Labour leader says mortgage holders will be £2,900 a year poorer because of the Tories' economic "chaos".

Sunak says that various shadow ministers are united against more house building in their areas, contrary to Starmer's proposition.

But "they don't have to worry too much because he's never actually kept a promise he's made," Sunak says, to cheers from the Tory benches.

Starmer is back up. He says Sunak's issue is that he isn't able to answer his questions clearly because his target on building homes isn't clear.

The truth is, Starmer goes on, the government's mandatory targets for housebuilding have "collapsed".

He won't get near the target, will he, Starmer asks.

Sunak says he is confused by Labour's policy - saying the shadow community and housing secretary says communities should have control, but Starmer has then said targets are needed.

"We have delivered almost record numbers of new home building", Sunak says

He says he promised to put local people in charge of local housing - and has delivered on that.

He ends by saying he doesn't think local people are the problem - but Labour party policy is.

Starmer asks if he can point to anyone in the housebuilding industry who thinks Sunak will hit his target of 300,000 new homes a year?

Sunak replies that 2.2m additional homes have been built under the Tory government.

He also says that there are "more homes meeting the decent home standards, housing supply up 10% in the last year that we have figures for... and a 20-year high in number of first-time buyers".

Sir Keir Starmer is up and he begins by wishing Muslims across the country a happy Eid.

He also pays tribute to Baroness Margaret McDonagh, the first female general secretary of the Labour Party, who died last week, saying the Labour Party will miss her.

The Labour leader moves on. He says the Tories spent thousands of pounds on adverts attacking Labour plans to build homes - but now his own ministers say they have plans to build 300,000 homes a year.

Is Sunak's party for or against building new homes, he asks.