Are election worries prompting gilt market 'exodus'?

International investors have begun selling out of UK gilt holdings on uncertainty over how Britain will manage its debt pile in the next parliament.

Bank of England figures reported by the Financial Times show international investors have cut gilt holdings by £14bn since the start of 2014. This has taken their share of the market to its lowest level since the financial crisis, three weeks ahead of a general election in which no party is expected to gain an overall majority. With major parties at odds over how to tackle both national debt and the deficit, international investors have renewed concerns over the UK's public finances, the paper suggests. It follows a warning from the International Monetary Fund (IMF) earlier this we...