THE leader of the Scottish Conservatives has said mortgage payments are “an absolutely huge concern” – despite backing the UK Government’s mini-budget which precipitated the crisis.
Douglas Ross has publicly backed the move from Chancellor Kwasi Kwarteng to slash taxes on the rich, funded by increased government borrowing, despite the economic fall-out which it has resulted in.
The pound fell to its lowest ever level against the US dollar, with the International Monetary Fund taking the extraordinary step of urging the Tory government to change course, and the Bank of England being forced to step in to prevent pension funds collapsing.