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Written question asked by Callum Anderson (Labour) on Monday, 20 April 2026, in the House of Commons. It was due for an answer on Wednesday, 22 April 2026. It was answered by James Murray (Labour) on Monday, 27 April 2026 on behalf of the Treasury.


Fixed Interest Securities: Retail Trade

Question

To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of issuing retail bonds to support increased defence investment.

Answer

The majority of government borrowing is financed through the issuance of UK government bonds (known as gilts) by the UK Debt Management Office (DMO). In addition, some of the government’s financing is raised in the retail savings market through products offered by National Savings and Investments (NS&I). Finance raised via gilts or NS&I products is generally not tied to specific areas of government spending, in order to offer the best value-for-money for taxpayers.

The government keeps the introduction of new debt financing instruments under regular review.


Secondary information

Type
Written question
Reference
128599
Session
2024-26
Subjects
Defence Finance Retail trade Fixed interest securities
Link
View this Written question on www.parliament.uk