UK government debt sales set to fall for first time in four years
Financial Times
February 26, 2026
AI-Generated Deep Dive Summary
The UK government’s debt sales are set to fall for the first time in four years, signaling a potential shift in its fiscal strategy. Big banks predict £247bn of gilt issuance in the coming fiscal year as part of efforts to rein in borrowing and stabilize public finances. This decline reflects the government's focus on reducing reliance on debt markets, which could have significant implications for economic stability and investor sentiment.
The UK government has been under increasing pressure to address rising public sector borrowing, driven by factors such as higher welfare costs and lower tax revenues. Amid these challenges, the move to reduce debt sales aims to signal a commitment to financial discipline. However, this strategy also raises questions about the availability of funds for critical public spending, including infrastructure projects and social programs.
The forecasted £247bn in gilt issuance represents a decrease compared to
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Originally published on Financial Times on 2/26/2026