Kwasi Kwarteng admits mini-budget turmoil affected his mortgage

Former chancellor says payments went up considerably' after his tax cuts sent borrowing costs spiralling

Kwasi Kwarteng has admitted that he has a tracker mortgage for which the payments have risen a great deal" as a result of the economic turmoil after his mini-budget.

In an interview with GB News, the former chancellor was asked whether he felt any sympathy for those affected by the rise in mortgage rates, before letting on that he was among them.