| Uk Debt Management Office |
Article Index for Uk |
Website Links For Debt |
Information AboutUk Debt Management Office |
| CATEGORIES ABOUT UK DEBT MANAGEMENT OFFICE | |
| government debt | |
| city of london | |
| economy of the united kingdom | |
| executive agencies of the united kingdom government | |
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In institutional terms, the DMO is legally and constitutionally part of HM Treasury , but as an executive agency, it operates at arm's length from Ministers. The Chancellor of the Exchequer determines the policy and financial framework within which the DMO operates, but delegates to the Chief Executive operational decisions on debt and cash management, and day-to-day management of the office. Prior to the establishment of the DMO, management of the Government's debt was undertaken by the Bank Of England on behalf of the Treasury. The change was implemented following the incoming Government's decision to give the Bank of England independence in setting monetary policy. Executive Agency Framework Document REFERENCES EXTERNAL LINKS
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