UK govt in record bond sales to pay for coronavirus response

By Frank Prenesti

Date: Monday 29 Jun 2020

(Sharecast News) - Britain on Monday said it would sell another £50bn in bonds, taking debt issuance to record levels as the government looked to pay for its coronavirus pandemic response.


The UK's Debt Management Office (DMO) said its issuance for the fiscal year to August was now up to £275bn after a surge in borrowing to stop the economy going into freefall.

The DMO is planning 33 gilt auctions in July and August, and said it would issue an update on its plans for September to November before the end of July.

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