UK’s Javid To Respond To Inflation-Linked Bonds Report On Wednesday

www.oann.com | 8/30/2019 | Staff
jenny1246 (Posted by) Level 3
LONDON (Reuters) – British finance minister Sajid Javid said he would respond on Wednesday to a call by lawmakers to stop issuing inflation-linked debt linked to an outdated price measure that give bondholders an annual 1 billion-pound ($1.2 billion) windfall.

The government’s response would be made at 0630 GMT on Sept. 4, Javid said in a letter sent on Monday to the chairman of the Economic Affairs Committee in the House of Lords.

January - Committee - Government - Bonds - Consumer

In January, the committee said the government should issue bonds linked to consumer price inflation (CPI) rather than the older Retail Prices...
(Excerpt) Read more at: www.oann.com
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