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      ], "answer" : {"_about" : "http://data.parliament.uk/resources/1603644/answer", "answerText" : {"_value" : "<p>It is not SMI policy to increase the level of SMI payments in line with increases in the Bank of England\u2019s base rate.<\/p><p> <\/p><p>The standard interest rate we pay is set at a level based on the Bank of England's published monthly average mortgage interest rate. We have selected this rate because it is the average interest rate that applies to outstanding mortgages, including fixed and variable mortgages. The Bank of England data is the most reliable as it is based on information that covers over 75 per cent of all banks and building societies' mortgage business. It is also updated on a regular (monthly) basis<\/p><p> <\/p><p>The standard interest rate is currently set at 2.09% and will only change when the Bank of England\u2019s average mortgage rate differs by 0.5 percentage points or more from the rate in payment.<\/p>"}
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      ], "questionText" : "To ask the Secretary of State for Work and Pensions, whether it is his policy to increase the level of payments through the Support for Mortgage Interest scheme in line with increases in the Bank of England base rate.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
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