MNI UK Issuance Deep Dive: April 2026 Remit Revision Preview

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• Following tomorrow’s fiscal data (which will include the CGNCR-ex for FY25/26), the DMO will likely update its financing remit to take into account the outturn for the previous fiscal year. The announcement from the DMO often comes out at 7:30BST but there is no officially scheduled time.
• From the sell side previews that we have read, expectations range from the FY25/26 gilt sales remit being broadly unchanged at GBP252.1bln to a GBP12bln reduction to closer to GBP240bln. Based on what we have read, central expectations are probably for an updated remit in the GBP245-250bln area.
• We summarise other expectations from the sell side as well as setting out our top five expectations for the remit revision.