You know they are going up everywhere else too, right? It’s not about the tories, it’s about the system. There has been an ocean of cheap money flowing since the GFC. Most of it flowed to the wealthy and connected, but the only tool any western economy wants to use to suck some of it back up is interest rates.. that hit us all far more broadly. A different rosette in No10 would make precisely zero difference to interest rates.
Stimulus during Covid meant there were mortgages available at 2% here. Today the best rates are around 5.5% and that’s without a recent rise getting priced in.
The Tories have held power since the GFC and chosen to do nothing to head off the inevitability of what is happening now. But neither have the governments of all the other countries doing the same thing. Trying to pin this on Tories is exactly the sort of misdirection you’d be spitting blood about if it were them doing it. It is very much ‘look over here, not over there’.
It’s not the government. It’s the system.
