§ Q41. Mr. Rentonasked the Prime Minister to what extent it is her policy to involve City financial institutions in the long-term debt financing of the public sector.
§ The Prime MinisterFinancial institutions are the major purchasers of long-term public sector debt. The terms and conditions of long-term debt instruments are therefore designed to a great extent to be attractive to financial institutions, particularly long-term investing institutions such as pension funds and insurance companies.