UK cuts £43.3bn from bond issuance plans for 2021/22
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The UK has tabled plans today to issue £252.6bn of government bonds in the 2021/22 financial year, £43.3bn short of what it forecast in March.
The reduction comes following data revealing a fall in government borrowing for the previous 2020/21 year, dipping below previous official forecasts.
The Debt Management Office has continued to raise net sales of T-bills by £1.8bn.