Gilt rout sparks calls for Bank of England to slow bond sales

Gilt rout sparks calls for Bank of England to slow bond sales

The Bank of England should slow the pace of its costly approach to unwinding quantitative easing, which is pushing up government borrowing costs and weakening the public finances at a time when both are under significant pressure, several top economists have said. The calls follow the UK’s sovereign debt being swept up in a dramatic sell-off that carried the government’s long-term borrowing costs to their highest level this century. Simultaneous…