UK rushes out huge bond sales to fund COVID spending surge

LONDON (Reuters) - Britain's government plans to sell more bonds over the next three months than it had previously planned for the entire financial year as it rushes to fund a surge in public spending and soften the expected deep coronavirus recession.The UK Debt Management Office said on Thursday it planned to issue 180 billion pounds of government debt between May and July.Previously, the DMO had been planning to sell 156.1 billion pounds of bonds over the 12 months from April."This higher..