Soaring interest rates are alarming mortgage holders and could derail the UK government’s strategy for re-election. This week Lucy Fisher is joined by regular FT panellists Stephen Bush and George Parker to assess the political fallout from the latest rate rise. Plus the FT’s economics editor Chris Giles considers whether the Bank of England deserves criticism, while consumer editor Claer Barrett assesses the damage to Britons’ finances.Follow Lucy on Twitter @LOS_FisherWant more?  Central banks’ battle with inflation enters new phase of ‘pain’Ever tougher for Tories and Bank of England to avoid public blame in meme ageThe Bank of England’s credibility is still on the lineSign up for 90 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award: https://ft.com/insidepoliticsofferListen to Claer Barrett’s Money Clinic podcast, out on June 27:Money Clinic with Claer Barrett | Financial TimesClaer Barrett’s book: What they don’t teach you about moneyPresented by Lucy Fisher. Produced by Anna Dedhar and Audrey Tinline. The executive producer is Manuela Saragosa. Audio mix and original music by Breen Turner. The FT’s head of audio is Cheryl Brumley. View our accessibility guide  Hosted on Acast. See acast.com/privacy for more information.