The party is tearing itself to pieces as terrified borrowers face a new age of insecurity

An economic crisis was quietly brewing last week while the Conservative party was tearing itself to pieces over Boris Johnson’s misleading of parliament. Fears about the tough measures that might be needed to bring down inflation sent mortgage rates surging towards 6%.

Even without the disgrace of the former prime minister, this would be a government in serious political trouble staring at electoral meltdown.

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