UK: Sky News' political editor Beth Rigby speaks to Liz Truss ahead of her first conference speech as Conservative Party

The video discusses the impact of rising interest rates on mortgages, highlighting concerns about remortgaging costs. It explains that interest rates are determined by central banks like the Bank of England and the Federal Reserve, not politicians. The discussion emphasizes the global nature of interest rate changes and concludes with a brief acknowledgment of these economic challenges.

What is the initial topic of discussion in the video?

• The benefits of having a mortgage

• The history of interest rates

• Concerns about remortgaging

• The role of the Prime Minister in financial decisions

What financial challenge is highlighted in relation to remortgaging?

• Decreasing property values

• Increasing interest rates

• Government regulations

• Lack of mortgage options

Who is responsible for setting interest rates in the UK?

• The Bank of England

• The Federal Reserve

• The European Central Bank

• The Prime Minister

What is the global trend mentioned in the video regarding interest rates?

• Interest rates are decreasing

• Interest rates are unpredictable

• Interest rates are stable

• Interest rates are rising

Why are interest rates not decided by politicians in the UK?

• To ensure political accountability

• To maintain economic stability

• To avoid political bias

• To increase government control