I have zero confidence that the water bills would continue to have worked out at that amount, and they impact more 'families' (whatever happened to people or households) than the variable mortgage amounts. In the UK the average bill is already close to £400, we could easily have seen bills for €500 and no €100 refund.
Variable mortgage rates are a rip-off, Charlie Weston should have just kept hammering the banks and government and know better than to confuse things with dodgy comparisons to water bills, and to resort to the 'families' nonsense (although maybe that's his subeditor). It's like the headline 'Dad shot'.