Have vanishing debt costs created a magic money tree?

During the recent election campaign, the Tories insisted there was no such thing as a magic money tree. But, as Alan Shipman explains, low bond yields might be the next best thing.

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A Peace Of London under Creative Commons BY-NC-ND 4.0 license
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Source: CityWire/Lipper

Behind the boom

Who’s holding the debt?

Tarnished gilts

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