What Is a Mortgage?

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