Bonds
| Use attributes for filter ! | |
| Customer service | 00 61 3 8862 1790 |
|---|---|
| Parent organizations | Pacific Brands |
| Founded | 1915 |
| Headquarters | Kew |
| Australia | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2325978 |
About Bonds
Pacific Brands Underwear Group, known under its core brand Bonds, was an Australian manufacturer and now a importer of men's, women's and children's underwear and clothing, and a subsidiary of Pacific Brands. The head office is located at 115 Cotham Rd in Kew, Melbourne.
The flashing warning sign that is worrying investors
... So how worried should we be? What is a bond? Governments borrow money by selling financial products called Bonds...
Cost of national debt hits 20-year high
...The interest the government pays on national debt has reached a 20-year high as the rate on 30-year Bonds reaches 5...
The shadowy Chinese firm that owns chunks of Cambodia
... This panicked investors who had bought hundreds of millions of dollars of CCCC s so-called " dim sum Bonds" - Bonds issued in Hong Kong to get around Chinese capital controls...
Premium Bond prize rate set to hit highest for 14 years
... Outside chanceNS& I has now improved the prize fund rate of Premium Bonds - held by millions of UK savers - four times in the last year...
Bank makes history as it reverses ‘quantitative easing'
... The bank sold off a tranche of government Bonds on Tuesday, as it started to reverse the process known as " quantitative easing" or QE...
Investors remain calm despite political chaos
... However, while interest rates - or yields - on government Bonds climbed, they were still below levels that had been seen earlier in the week...
Markets rally on talk of mini-budget U-turn
... The Bank of England has been buying government Bonds - known as gilts - to try to stabilise their price and prevent a sell-off that could put some pension funds at risk of collapse...
Kwasi Kwarteng fired as chancellor amid U-turn speculation
... The Bank of England has been buying government Bonds - known as gilts - to try to stabilise their price and prevent a sell-off that could put some pension funds at risk of collapse...
Cost of national debt hits 20-year high
The Interest the government pays on national debt has reached a 20-year high as the rate on 30-year Bonds reaches 5. 05%.
A rise in the cost of borrowing comes at a difficult time for the chancellor, Jeremy Hunt , as he prepares for the autumn statement on 22 November.
Mr Hunt has already made clear that tax cuts will not be announced in November.
However, the increased cost of servicing the country's debt pile further narrows his choices.
The total amount the UK government owes is called The National debt and it is currently about £2. 59 trillion.
The government borrows money by selling financial products called Bonds . A bond is A Promise to pay money in The Future . Most require The Borrower to make regular Interest payments over The Bond 's lifetime.
UK government Bonds - known as " gilts" - are normally considered very safe, with little risk The Money will not be repaid.
Gilts are mainly bought by financial institutions in the UK and abroad, such as pension funds, investment funds, banks and insurance companies.
The Bank of England has also bought hundreds of billions of pounds' worth of government Bonds in The Past to support the economy, "
A higher rate of Interest on Government Debt will mean the chancellor will have to set aside More cash, to The Tune of £23 billion to meet Interest payments to The Owners of Bonds .
This means the government will have less money to spend on public services like healthcare and schools at a time when workers in key industries are demanding pay rises to match the cost of living.
The current level of debt is More Than double what was seen from the 1980s through to the financial crisis of 2008.
The Combination of the financial crash in 2007/8 and the Covid pandemic pushed the UK's debt up from those historic lows to where it stands now.
But in relation to the size of the economy, today's debt is still low compared with much of The Last century,
The US, German and Italian borrowing costs also hit their highest levels for More Than a decade as markets adjusted to the prospect of a long period of high Interest rates and the need for governments around The World to borrow.
It Follows an indication from global central banks, including the US's Federal Reserve and The Bank of England, that Interest rates will stay " higher for longer" to continue their jobs of bringing down inflation.
During The Last financial year, the government spent £111bn on debt Interest - More Than it spent On Education .
Some economists fear the government is borrowing too much, at too great a cost.
Others argue extra borrowing helps the economy grow Faster - generating More tax revenue in the Long Run .
The government's official economic forecaster, The Office for Budget Responsibility (OBR), has warned that public debt could soar as the population ages and tax income falls.
In an ageing population, the proportion of people of working age drops, meaning the government takes less in tax while paying out More in pensions.
Related TopicsSource of news: bbc.com
