28.08.2009 - Government borrowing: More where that came from

From Economist.com: Foreign investors such as sovereign-wealth funds and central banks have been happily hoovering up Britain’s shorter-term securities and now own more than one-third of all outstanding gilts. Thanks to the Bank of England’s historically low base rate (now 0.5%), banks have been able to borrow cheaply in the short-term money markets and lend to the government at higher interest rates..............Full Article: Source

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