Post by
highper on Mar 24, 2024 7:07pm
financial head winds ahead
The second event actually happened before the UK’s recent budget, when the Debt Management Office met with senior fund managers and bankers, only to be warned that there was a risk of a debt auction failure. According to today’s Sunday Telegraph, there are fears that supply will outstrip demand. The implication is that the Government’s announcement in the Budget that it would reduce the amount of long-dated debt issuance to £49bn in the next fiscal year as the total issuance increases is the result of this meeting.---alasdair macleod