Britain's government will plan to sell its smallest amount of bonds in a decade for the coming fiscal year, a Reuters poll of primary dealers found on Tuesday, as finance minister Philip Hammond looks set to beat his borrowing targets for this year with ease. He is due to deliver Britain's annual budget statement - his first since taking over after last June's Brexit vote - on Wednesday.
The mid-range forecast from the poll suggested the United Kingdom Debt Management Office will issue 109.7 billion pounds ($134.2 billion) of bonds in the financial year starting in April, down sharply from the 146.5 billion pound remit for 2016/17.
Britain had originally planned to issue 129.4 billion pounds' worth of gilts in 2016/17, but the DMO was forced to revise up its plans in November after the government's budget watchdog downgraded the economic outlook in the wake of June's referendum.
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