PM turmoil risks money market 'blowout' and higher mortgage costs for millions

Inflatie

The political turmoil surrounding PM Keir Starmer ’s future risks driving up mortgage costs, experts have warned. The drama - with Sir Keir vowing to fight on despite mounting calls for him to go - has spooked financial markets. One impact has been on the bond market, on which the government relies for borrowing. The yield - or rate - on benchmark 10-year gilts surged 0.10% to 5.10%, just below the highest levels since 2008 it hit in March on concerns around the inflationary impact of the Iran

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