Is Donald Trump to blame for high mortgage rates in the UK?

UK mortgage rates track the Bank of England's base rate and global bond yields, which have risen amid an Iran war initiated by President Trump, driving up oil prices and inflation expectations. The Bank of England held rates steady but markets now anticipate hikes to 4.5% this year, adding around £800 annually to new fixed-rate mortgages. Energy bills are £599 higher than pre-crisis levels for many households, exacerbating cost pressures.