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Hmmm... the UK Parliament's Public Accounts Committee is concerned that over the last decade or so the #Treasury has not been forthright enough in its #bondmarket dealings to ensure the UK's public debt is issued at the cheapest rate(s) possible...

in other words, the PAC suspect buyers of public debt have been rigging the market to increase the yield (and this cost of the public debt to the state).

With public finances strained & high levels of debt, this is more than just a technical issue!