Gilt yield drama makes rising annuity rates 'hard to ignore'

Uncertainty about the performance of the UK economy and the ramifications for inflation after Donald Trump returns to the White House are some of the factors cited by analysts as the reasons for the drama. Rising borrowing costs do, however, give the annuity market renewed lustre. AJ Bell director of public policy Tom Selby commented: "The recent spike in government borrowing costs is in danger of turning into a political disaster for Rachel Reeves, who will no doubt be sweating over the risk that any wiggle room in public finances could evaporate. "Anyone borrowing money, particul...