BBCNEWS Breakfast June 4, 2024 05:30:00
When it wants to spend more money than its brought in through taxes, it needs to borrow, often from pension funds and insurers, and it agrees to pay them back, plus interest, after say five, ten or 30 years. if youre wondering why its called a gilt, its because in the 1800s these deals were done on paper with a gilded edge. another phrase you might have heard recently is �*yield. essentially thats the interest rate the government pays to its lenders. if lenders are worried about the government...
Source: archive.org