The British government's debt office will ramp up its sales of gilts to raise 45 billion pounds ($55 billion) in April, reflecting a surge in borrowing and spending planned by finance minister Rishi Sunak to mitigate the economic hit from the coronavirus crisis.
FILE PHOTO: Britain's Chancellor of the Exchequer Rishi Sunak signs the West Yorkshire Combined Authority devolution deal during a visit to the Nexus Building at the University of Leeds, in Leeds, Britain March 12, 2020. Danny Lawson/Pool via REUTERS
LONDON - The British government’s debt office will ramp up its sales of gilts to raise 45 billion pounds in April, reflecting a surge in borrowing and spending planned by finance minister Rishi Sunak to mitigate the economic hit from the coronavirus crisis. The Debt Management Office said on Tuesday it would conduct four auctions per week starting next week, mainly through the sale of conventional gilts and in maturities across the curve.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK lockdown must be lifted gradually, could last six months - medical officialBritons may be subject to some form of lockdown measures for six months or longer, England's Deputy Chief Medical Officer Jenny Harries said on Sunday, warning the country faces a second wave of coronavirus if they are lifted too quickly.
Read more »
Harry and Meghan Plan to Take Archie Back to the U.K. to Celebrate His 1st BirthdayPrince Harry and Meghan Markle are reportedly planning to bring their son, Archie Harrison, back to the UK to celebrate his 1st birthday in May.
Read more »
All parts of UK now on emergency footing to fight coronavirus - ministerAll parts of Britain are on an emergency footing the likes of which have not been seen since World War Two in the fight against coronavirus, with strategic coordination centres being set up across the country, housing minister Robert Jenrick said.
Read more »
All parts of UK now on emergency footing to fight coronavirus - ministerAll parts of Britain are on an emergency footing the likes of which have not been seen since World War Two in the fight against coronavirus, with strategic coordination centers being set up across the country, housing minister Robert Jenrick said.
Read more »
UK lockdown must be lifted gradually, could last six months - medical officialBritons may be subject to some form of lockdown measures for six months or longer, England's Deputy Chief Medical Officer Jenny Harries said on Sunday, warning the country faces a second wave of coronavirus if they are lifted too quickly.
Read more »