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U.K. 50-Year Borrowing Cost May Decline Amid Pension Shortfall
Bloomberg News 
Dec. 5, 2005
Excerpt: The U.K. may pay less to borrow for 50 years than it does for six months when it sells 2.25 billion ($3.89 billion) of bonds in an auction this week, as pension funds snap up the longest-term debt. Pensions, facing a 57 billion-pound shortfall in annual retirement savings, need longer-term bonds because Britain's population is aging.
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