PM denies Budget to blame for higher mortgage rates: "The PM is wrong"

The Prime Minister can deny it all he wants but the reality is that his government's Budget has not just sent mortgage rates north but has also undermined food security and business confidence. Just like the previous government, this one takes zero responsibility for its actions and appears blinkered to real-world impact of its decisions.

The Prime Minister, in his infinite wisdom, has determined that the recent surge in mortgage rates is entirely unrelated to major decisions made by his government. It’s almost as if they believe the markets are immune to the impact of fiscal decisions. Perhaps the PM is privy to information unknown to mere mortals, like the existence of a secret economic dimension where interest rates fluctuate independently of government policy. Or maybe they've discovered a new economic theory, one where market reactions are purely random, unrelated to anything that governments impose. Either way, it’s reassuring to know that our leaders are so confident in their understanding of the economy. After all, what could possibly go wrong when those in charge are so blissfully unaware of the real-world consequences of their actions?

The Prime Minister may say that the Budget isn’t the cause of the recent interest rate rises, however the facts speak for themselves. Over the summer and into the early autumn, we had seen a much-needed positive trend in the market, with greater stability resulting in consistent rate reductions. Then we had the Budget. Labour's new policies have spooked the markets with fears inflation will be on the rise again. All we have seen since is mortgage rate rises meaning yet more misery for borrowers.

You could stuff a pork pie with the lies and denial. Can the country's top economist not see what an Ebenezer she has become? She is financially hurting those she needs to protect. As the UK starts to freeze over from the start of this year's snowfall, the full impact has not yet been realised. Fixed rates keep rising as markets reel from Labour's fiscal moves. Merry Christmas to all, and to all… except farmers, a good night.

It's funny what you can see through red-tinted glasses. All the work on reducing mortgage rates and improving confidence across the UK population seems to unravelled in just a few short weeks, yet the Prime Minister is blinded by the reality of what’s going on around him. Farmers and retailers are clearly showing how destructive the Budget has been for them, and homeowners are just behind them, but we are told the polar opposite is the case? We can’t all be wrong, surely?

Everything was starting to align and better times were within touching distance. The Budget derailed this and it is solely to blame for higher mortgage rates unfortunately. It would be nice to see one of the U-turns that became so infamous with the last party in charge.

In business you expect to be knocked down. What you don’t expect is for those to be throwing the uppercuts to be your own Prime Minister and Chancellor. If aliens do exist I beg them to bestow on our leadership alien economic intelligence as basic common sense is currently lacking.

Not me, guv. Another Government and PM blaming everything else but their own actions. If everything else is the problem and not them perhaps they could all do us a favour and resign before it gets a whole lot worse. People voted for change not the total decimation of the economy. Most people I speak to are now realising that these people are so out of touch with society. What a fine mess this all is. Insanity is doing the same thing over and over again without learning from past mistakes.