‘War on UK taxpayers’ as Iran piles £12bn onto national interest

Dariusz Karpowicz, Director at Doncaster-based Albion Financial Advice, said he expects 10-year Gilts to break 5%. He added: "For homeowners, Gilt yields set the floor for mortgage pricing. Higher yields, higher rates, bigger monthly payments. If energy costs keep climbing and inflation stays stubborn, 5% on the 10-year is next. Do not assume this settles quickly."