Government borrowing costs hit multi-year highs as markets fear inflation, and oil and gas prices rise – as it happened

British house prices expected to fall this year, despite ‘Burnham bounce’, Rightmove reportsAsking prices for newly listed homes in UK’s richest borough fall by £100k in one monthJP Morgan boss Jamie Dimon warns UK chancellor not to hike taxes on banksBack in the markets, the pound has hit a three-month high against the weakening US dollar.Sterling is up a third of a cent at $1.356, its highest level since 12 May.Th…