A bond is a promise to pay money in the future. Most require the borrower to make regular interest payments. UK government bonds - known as "gilts" - are normally considered very safe, with little ...

The government borrows money by selling financial products called bonds. A bond is a promise to pay money in the future. Most ...

The UK government generally spends more than it raises in tax. To fill this gap it borrows money, but that has to be paid back - with interest. The government gets most of its income from taxes.