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But we saved everything 🙂.
Long-term interest rates and mortgage rates remain high as a result of excessive government borrowing, according to John Redwood.
Redwood also calls on the Chancellor to stop financial giveaways to the EU and foreign governments, urging action to rein in losses linked to the Bank of England.
Redwood’s concerns over persistent high interest rates tie closely to warnings about elevated UK government borrowing costs amid sluggish growth, as detailed in his analysis of the interplay between fiscal pressures and market dynamics. Meanwhile, broader geopolitical factors—including recent reports of Israel's attacks on Iran oil facilities—continue to weigh on fuel prices and complicate the economic outlook for the UK.