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HOW TO FINANCE THE UK GOVERNMENT’S BORROWING

Post Date: 15 August 2023

The volume of gilt sales that the DMO must achieve will be swollen by more refinancing of maturing gilts as the average maturity of government debt has been falling. The DMO has calculated that it needs to sell £237.8bn of gilts in 2023-24, a substantial increase from £169.5bn in 2022-23.


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