Money & Business
Have vanishing debt costs created a magic money tree?
...data still show overseas holdings at around 27%, with insurance and pension funds’ share down to 28%, and other UK financial institutions holding around 40%. But once the store of gilts sequestered on the Bank of England’s balance sheet is excluded, overseas buyers account for 35% of gilt holdings and other central banks another 11%. Uniquely, more than 10% of the...