Asked by: Chris Coghlan (Liberal Democrat - Dorking and Horley)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps she plans to take to reduce gilt rates.
Answered by Emma Reynolds - Economic Secretary (HM Treasury)
The government issues debt to the market, and the price of government debt is determined by the market.
The government does not comment on specific financial market movements. Gilt yields are determined by a wide range of international and domestic factors, and it is normal for the yields of gilts to fluctuate when there are wider movements in the global financial markets.