The UK’s first-ever “green gilt” is set to beat all previous records for British government debt sales thanks to huge investor demand.
According to government figures, public borrowing in the UK fell less sharply than predicted in August and was at its second-highest on record for the month, highlighting the substantial ongoing costs of the pandemic.
The UK Treasury has taken stakes in over 150 startups through its Future Fund. The fund provides government loans to UK-based companies ranging from £125,000 to £5 million.
Chancellor of the Exchequer Rishi Sunak has pressed for an easing of UK travel restrictions to support the tourism sector which continues to be hit hard by the coronavirus pandemic. There are currently concerns that the UK is not reaping…
The Institute for Fiscal Services has said the UK government is on track to spend billions less than pre-pandemic plans.