Sunday, December 7, 2014
Tinkering with marginal demand
Gov. offers 4% bond yields to UK pensioners. Whether or not you feel this is a good deal for pensioners, this will surely restrict supply for those who are only prepared to pay the current going rate of 2.09 having had an annual record rise very recently. There is no confirmed balancing plan for state spending. Either way, good deal or not, the government is banging another drum to raise funds.