A mortgage is when you borrow money to buy a house. The interest you pay on that might amount to £600 a month at the moment. But if interest rates keep on rising as they are doing, it could double. So we have a situation where there will be more and more people in great difficulty. Meanwhile, Liz Truss thinks the best thing to do is to take all the money and give it to 10 guys who are going to put it in a bank in Panama. I am saying that economics has been rejected by the markets and has was rejected by the popular opinion polls and her own MPs. That's what's happening. We call it naval gazing. Your naval is your tum
My dad returns to talk more about UK politics, this time describing the disastrous economic policy of Liz Truss and her Chancellor (finance minister) Kwasi Kwarteng. Advanced level English listening practice - this is complicated stuff, but keep listening to develop your English skills and learn about what's going on in UK politics and current affairs.
Episode page https://wp.me/p4IuUx-s7G
Video version https://youtu.be/csrAYt0eNbc
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