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.
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