BUSINESS
Britain will stimulate the economy with another debt of 50 billion GBP - Economo
BUSINESS

Britain will stimulate the economy with another debt of 50 billion GBP - Economo

Published: June 29, 2020  |  2 min read, 497 words
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Britain will sell a record amount of government debt this year as the country continues to be under pressure from the economic downturn caused by the spread of the coronavirus. The aim of the initiative is to test the level of the market activity of government bonds.The UK Debt Management Office has announced plans to sell government bonds for another 50 billion GBP (61.9 billion USD), bringing its total value of bonds to 275 billion GBP this year. Market analysts expect the amount of government securities issued to reach 412 billion GBP for the whole year.If this happens, the amount of... READ MORE
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