According to Odaily, Paul, the Chief Investment Strategist at BlackRock Investment Institute in the UK, stated in a report that the Bank of England might implement more significant interest rate cuts in the coming years compared to the Federal Reserve due to the weak economic growth outlook in the UK. Structural challenges such as low productivity are putting pressure on the UK economy. He noted that the future growth prospects for the UK are not optimistic. Compared to government bonds from other developed markets, there is a long-term strategic preference for UK government bonds.