The Politics of Mortgage Rates

I'm really struck that there's a kind of generational difference between politicians of a generation ago, like John Major when he was prime minister. And whilst we've had the Prime Minister and others acknowledging things are tough for people, perhaps not being as direct as some people might ultimately rather hear. The fact that you are struggling is exactly what the policy is intended to do. It is intended to substantially decrease disposable incomes to take money out of the economy. But I found it very difficult of how few people we are actually targeting with the interest rate policy by putting mortgage rates up. We see this one main interest rate policy or unquantity to beat beating inflation. Yeah.