Tory minister quit as he ‘couldn’t afford mortgage hike’. How does he think WE feel?
George Freeman MP: has it not occurred to him that, if he can’t make ends meet because of high mortgage interest rates, people on lower pay might be in an even worse situation?
Can anything demonstrate how out-of-touch the Tories in government are, as well as this?
A senior Tory MP has admitted resigning from Government because he couldn’t afford a hike in his mortgage payments on his £118,000 salary.
George Freeman quit as Science Minister in November saying “the time has come for me to focus on my health, family wellbeing and life beyond the frontbench”. But writing on his blog just days ago he complained that his monthly mortgage repayments had more than doubled.
Millions of people have been hit with higher mortgage costs after the economic carnage caused by Liz Truss’s mini-Budget sent interest rates soaring. Around 1.6 million homeowners are due to come off fixed-rate deals this year and face considerable hikes in their monthly repayments.
From what form of insanity are Tories like Freeman suffering?
They know their policies – intentionally or not – pushed interest rates through the roof, and that included interest on mortgages.
So they knew that people were going to be paying more – including, if they had mortgages, them.
If they can’t shoulder the extra burden on a ministerial salary of more than £100,000, how do they expect people on average pay of around £30,000 to cope?
Now that Freeman has felt the pinch, though, one might hope that he would have used his position to lobby for more to be done to help mortgage-holders cope.
Alas, no. Freeman has simply cleared off to the back benches – and possibly to a second, third, fourth (or whatever) job, which he maytake because he can. The rest of us don’t have the same options.
We have to conclude that MPs like Freeman just don’t care – and we need to remember that when the next election comes around.
Source: Tory MP quit as minister as he ‘couldn’t afford mortgage hike on £118,000 salary’ – Mirror Online
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Poor little boy can’t afford his mortage despite having been paid £118,000 a year for being a fake fascist tory minister! Never mind little boy you can sell your lavish home, apply to all those numerous multi national boy owned corporations and obtain a huge salary as a consultant working just a few hours a month!
Very sad situation now the elite boys are ‘crying poverty!’