Member

I ask myself: why would you have private investors who need and deserve a guaranteed return? Since that guarantee will effectively be a UK government guarantee, why would the investors be deserving of a return that was greater than gilts? When I asked in the briefing whether it would be greater than gilts, I was told that it would be, although the amount has not been settled at this stage. It seems that the investors are the group driving the complexity of the market intervention required by this instrument. As I say, I find this troubling to some extent. For how long will those prices and that return be guaranteed? I would very much like to know the answer to these questions.