DMO

Treasury clarifies PWLB borrowing restrictions

News

12 Aug 21

Councils are allowed to use Public Works Loan Board borrowing to restructure existing debt even if they are pursuing banned commercial investment, according to new government ...
Tax rises needed to prevent ‘spiralling debt’

News

13 Oct 20

The UK will need £40bn in tax rises in five years’ time to prevent debt from ‘spiralling upwards’, according to the Institute for Fiscal Studies.
PWLB borrowing dropped in August

News

3 Sep 20

Local public bodies borrowed £115.6m last month from the Public Works Loan Board, a decrease of more than 30% on £187.2m borrowed in July.
PWLB borrowing rises in July

News

5 Aug 20

Local public bodies borrowed £187.2m last month from the Public Works Loan Board, almost a 50% rise on £125.6m borrowed from the board in June.
Public sector debt exceeds 100% of GDP

News

19 Jun 20

Public sector net debt rose to 100.9% of GDP in May, the first time debt has exceeded 100% since 1963, as a result of the Covid-19 pandemic.
DMO to continue record gilts issuance

News

24 Apr 20

The Debt Management Office is set to continue record gilt issuance, with £180bn to be offered over the next three months.
DMO set for record gilts auction

News

2 Apr 20

The Debt Management Office is set to auction a record £45bn in gilts this month, in order to help finance the government’s response to the coronavirus pandemic.

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