| An Executive Agency of the Treasury, established on 1 April 1998, which has responsibility for issuing gilts to fund the Government's borrowing activities. Formally, it describes its brief as to carry out the Government's debt management policy of minimising financing costs over the long-term, taking account of risk, and to manage the aggregate cash needs of the Exchequer in the most cost-effective way, in both cases consistently with the objectives of monetary and any wider policy considerations.
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