News Headline Summary
UK OBR says changes to handling of BoE QE payments means public sector net borrowing will be lower in the near term
- Net borrow is then likely to be higher in future years as the APF moves into deficit and the treasury has to cover this.
Analysis details (12:18)
- Earlier it was announced that the BoE and UK government agree to transfer excess cash from QE facility to treasury. UK treasury said GBP 11bln to be transferred by March 2013 and GBP 23.8bln to be transferred by March 2014.
09 Nov 2012 - 12:15
Subscribe Now to RANsquawk
Click here for a 1 week free trial
RANsquawk provides audio news and commentary for over 15,000
professional traders and brokers worldwide. Services include:
Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
Teams of analysts covering equities, fixed income, FX, energy, and metals markets
Real-time scrolling news service with instant analysis
Daily and weekly pre-market research and calendars
Video updates covering near-term key risk events & primary trading themes
One-to-one chat with our expert analysts