Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of the abolition of the Debt Management Office on the independent oversight of the UK debt market.

The UK Debt Management Office (DMO) is an Executive Agency of HM Treasury and therefore not independent.

The DMO is the government’s actor in wholesale debt and cash markets, with the operational responsibility for implementing and delivering the government’s debt and cash management remits. More details on the main aims of the DMO are available in its Executive Agency Framework Document (available at: https://www.dmo.gov.uk/media/dtkpands/fwork040405.pdf)

There are no plans to abolish the DMO.