【环球财经】智库称英国政府面临债务危机

Core Viewpoint - The report from the UK think tank "Centre for a Better Britain" indicates that the UK is heading towards a debt crisis, emphasizing the need for urgent government measures if market confidence in the government's ability to repay debt wanes [1][4]. Group 1: Report Findings - The report, co-authored by former Conservative cabinet minister John Redwood and RBC BlueBay Asset Management's CIO Mark Dowding, outlines potential actions the government should take in response to a loss of market confidence [1][4]. - Redwood warns of the risks associated with excessive borrowing, which could lead to emergency fiscal and tax measures that no government would want to face [4]. - The report draws parallels between the current situation and the 1976 pound crisis, which forced the Labour government to seek assistance from the International Monetary Fund (IMF) [4]. Group 2: Recommendations - The report suggests that the Bank of England should stop paying interest on reserves held by commercial banks, estimating that this could save approximately £13 billion by 2029 [4]. - It also recommends an immediate halt to the sale of active gilt securities, which are high-grade securities issued by the government or large corporations, characterized by government credit backing and strong liquidity [4]. Group 3: Contributors - Dowding expresses his involvement in the think tank's work due to his long-term investment in gilt securities, noting the struggles faced by the UK [5]. - The report also includes contributions from two anonymous bond traders [5].