UK extends borrowing remit to August

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By Lewis McLellan
29 Jun 2020

The UK Debt Management Office (DMO) has updated its remit to include an additional £50bn of borrowing by the end of August. However, investors had expected details of the sovereign’s borrowing ambitions up to the end of September.

The DMO said on Monday that it will raise a minimum of £275bn by the end of August. Its last update, in late April, set a remit of £180bn by the end of July on top of about £45bn already raised since the beginning of April, when its financial ...

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