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Britannia unhinged

The Slow Newscast

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The DMO, or the Treasury's Treasury, Looks After the Financing of Government Debt

Cutting out the OBR for making an assessment of the mini-budget had a knock-on effect in the process itself. It cut out the debt management office as well, which looks after government debt. The Bank of England just now said that they are planning a gilt-market operation to try to restore orderly market conditions. But there was no process in place, which could have raised the alarm.

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