Secure buyers for UK gilts

The UK’s fiscal crisis isn’t only about cutting spending: it’s also about guaranteeing predictable demand for government bonds so yields don’t ratchet higher. That could mean explicit institutional buyers or market‑making mechanisms (pension‑fund rules, sovereign‑wealth or stabilization facilities, or contingent central‑bank backstops) tied to transparent rules rather than ad‑hoc interventions. — How the UK secures steady demand for its debt will determine borrowing costs, the state’s investment capacity, and whether fiscal rules are credible or self‑defeating — a core political and economic debate.