Gilt Yields

Debate between Lord Livermore and Lord Hodgson of Astley Abbotts

Tuesday 2nd September 2025 Lords Chamber

[Lord Livermore (Lab)]

As the noble Baroness knows, the Government do not comment on specific financial market movements, but it is very clear that we have created space for the Bank of England to cut interest rates five times since the election. That will absolutely help those people taking out a mortgage.

[Lord Hodgson of Astley Abbotts (Con)]

My Lords, in his reply to my noble friend Lady Neville-Rolfe, the Minister did not refer to the question of index-linked gilts. Will he confirm to the House that 30% of the gilts outstanding are index linked, and that therefore this country is inevitably now much more vulnerable to swings in interest rates?

[Lord Livermore (Lab)]

As I have said before, the Government do not comment on specific financial market movements.