B

Baroness Kramer (LD)

Speaking in the House of Lords on 2 September 2025

Debate

Gilt Yields

Contribution

My Lords, there is a global glut of sovereign debt as Governments across the globe keep borrowing, but among the G7 it is the UK that has had to raise its yields the most. To aggravate our situation, the wind-down of defined benefit pension schemes leaves us dependent on volatile domestic retail and overseas buyers. What is the Government’s immediate strategy to bring down yields and, more fundamentally, build a sustainable gilts market—and would sterling stablecoin contribute to this?

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