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UK bumps up mammoth bond sales drive to 275 billion pounds

FILE PHOTO: The sun rises behind the Canary Wharf financial district in London
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LONDON (Reuters) - Britain plans to sell a record 275 billion pounds of government debt between April and August to pay for its huge spending response to the coronavirus pandemic, more than double its borrowing in the whole previous financial year.The updated figure from the Debt Management Office on Monday represented a 50 billion-pound increase from its previous estimate for the April-to-July..
Date Published: Jun 29, 2020
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