He says that pensions, benefits and gilts will continue to be uprated in the same way as now.
Many others have holdings in zero-dividend preference shares, and use both gilts and those other instruments for the purposes of legitimate financial planning arrangements.
We have sold substantial volumes of gilts, and long-term interest rates have fallen.
I believe that the government amendment does not put the gilts market in any special position.
He also went on to ask what price water on the same basis if gilts turned very weak?
Indexing of gilts will make sense only if it is believed that inflation will stay indefinitely in double figures.
If the gilts market is high, you lose out.
One example relates to the directive on the welfare of farm animals, which requires that sows and gilts shall have permanent access to manipulative material.
