Policy Threads

Digital Gilt Instrument Pilot

HM Treasury and the UK Debt Management Office are piloting a digital gilt instrument (DIGIT) to modernise how UK government debt is issued and traded. The pilot involves consultation with gilt-edged market makers and primary dealers on the Treasury bill market and digital infrastructure for gilt trading. Current status is active, with ongoing engagement and updates on the pilot's development and market implications.

5 Mar 2024 | Committee report linked

On the basis of a report by the Comptroller and Auditor General, we took evidence from HM Treasury (the Treasury), the Debt Management Office (DMO), National Savings & Investments (NS&I) and the Office for Budget Responsibility (OBR) on the management of government borrowing.2

On the basis of a report by the Comptroller and Auditor General, we took evidence from HM Treasury (the Treasury), the Debt Management Office (DMO), National Savings & Investments (NS&I) and the Office for Budget Responsibility (OBR) on the management …

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Digital Gilt Instrument Pilot

Summary minutes of the Chancellor of the Exchequer’s meeting with the primary dealer firms in the gilt market, on 22 September 2025 in HM Treasury

Summary minutes of the Chancellor of the Exchequer’s meeting with the primary dealer firms in the gilt market, on 6 March 2025 in HM Treasury

On the basis of a report by the Comptroller and Auditor General, we took evidence from HM Treasury (the Treasury), the Debt Management Office (DMO), National Savings & Investments (NS&I) and the Office for Budget Responsibility (OBR) on the management of government borrowing.2