The country’s debt management office raised £4.25 billion ($5.38 billion) through a syndicated debt sale on Tuesday, its first such deal since Chancellor of the Exchequer Rachel Reeves unveiled £40 billion of tax rises and ramped up borrowing last month. Demand passed £65 billion which was the highest ever level of demand for an index-linked gilt offering. Countries such as Belgium, France, Greece, Italy and Spain have also seen record bids for their debt