The Challenges of Leadership and Economic Policy

🏦Former Prime Minister highlights the resistance and deep-rooted problems faced within the British economic establishment.

🌍He emphasizes the global rise in mortgage rates and challenges the notion that he is solely responsible for higher rates in Britain.

💰He criticizes the prolonged low-interest rates and their contribution to economic problems in Britain.

📊He questions the lack of scrutiny on the actions of the Bank of England, specifically during the 2022 leadership election.

🔍He highlights the need for greater democratic control and accountability in monetary policy decisions.

Did mortgage rates go up during the former Prime Minister's time in office?

—Yes, mortgage rates increased globally and not just in Britain.

Who does the former Prime Minister blame for the increase in mortgage rates?

—He highlights resistance within the British economic establishment and questions the actions of the Bank of England.

Did the former Prime Minister meet with the Bank of England Governor to address these issues?

—No, he did not meet directly with the Governor but had discussions about monetary policy.

What does the former Prime Minister believe is the cause of economic problems in Britain?

—He believes that prolonged low-interest rates have contributed to the economic problems in the country.

What changes does the former Prime Minister call for in monetary policy?

—He calls for greater democratic control and accountability in decision-making.

00:00Former Prime Minister discusses the challenges faced and resistance within the British economic establishment.

03:07He questions the accountability of the Bank of England and emphasizes the global rise in mortgage rates.

08:06The former Prime Minister explains his decision not to directly meet the Bank of England Governor during his time in office.

10:02He criticizes prolonged low-interest rates and their impact on economic problems in Britain.

12:32The former Prime Minister calls for greater democratic control and accountability in monetary policy decisions.