General · 7 June 2026
Scotland wants to borrow money for the first time
The Scottish government wants to borrow money directly for the first time ever, which could help fund future projects there. They've contacted big investors to see if there's interest in buying these bonds, nicknamed 'kilts', with a call planned for Friday. This is part of a bigger plan to issue £1.5 billion in bonds between 2026 and 2027.
Reported by Reuters · How we write briefs