On October 2, British Finance Minister Tulip Siddiq is pushing the UK to start issuing "digital gilts" on the blockchain. However, a former minister and several department officials familiar with the discussions revealed that the Debt Management Office (DMO), the executive agency of the Ministry of Finance responsible for issuing and managing government bonds, opposed the move. Officials said Siddiq was determined to move forward to combat the risk of the UK being "left behind" by its global peers.