China May Stop Buying US Treasuries
High profile bond investor Bill Gross of Janus Henderson Group also said on Twitter on Tuesday that bonds are in a bear market. A top Treasury official signaled confidence in the USA government debt market, which at $14.5 trillion is the world's largest.
Ms May told the Cabinet the Government had "a clear belief in conserving what is good and standing up against the profligate use of resources, whether that is public money or natural resources".
A consultation on the levy's extension is expected.
The only exemptions for the extended 5p levy are likely to be some pharmacies and pet shops selling goldfish.
He will set out goals to emulate the success of the 5p plastic bag tax, which has led to a 90 per cent reduction in use. "We have long campaigned for the charge to be extended to all retailers in England, as is already the case in Scotland and Wales, and would welcome steps to make the charge universal", he said.
Mr Gove is also understood to be considering proposals to encourage retailers to use fewer types of plastic and to persuade councils to adopt a standardised recycling policy.
Together, the two measures are meant to ensure that a greater proportion of the packaging used in the United Kingdom can be recycled.