Budget 2012: Chancellor's perpetual bond plan dismissed by industry - UPDATE 3

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Treasury plans for perpetual gilts and ultra-long gilts with more than 50 years' maturity will fail to attract pension scheme demand, industry figures say.

Speaking in today's budget statement, Chancellor George Osborne said the Debt Management Office would consult on plans to "diversify" the government's bond offering. He said the DMO would consul...

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