Retail trading platforms are urging the UK government to extend a key tax perk to the bills market. Currently, the exemption applies only to government bonds, but these platforms want it broadened to include Treasury bills to attract more retail capital. The push aligns with a broader push to open the gilt market to everyday investors.

This move comes as policymakers look to deepen capital markets and democratize access to public debt. By offering the same tax treatment, the bills market could become a more compelling option for individuals seeking safe, short-term returns. It would also help the Debt Management Office diversify its investor base beyond institutional players.

The proposal aims to level the playing field between different government debt instruments. Extending the perk could spur retail participation and add liquidity to a segment traditionally dominated by banks and funds. All eyes will be on the upcoming Autumn Budget for any sign of movement on this front.