Market observers suggest the UK government should explore expanding its current tax benefits framework—traditionally applied to government bonds—into the shorter-dated bills segment. This move could meaningfully enhance the asset class's competitiveness among retail and institutional investors seeking yield opportunities. By aligning fiscal incentives across the yield curve, policymakers might unlock fresh demand in what's currently an underpenetrated corner of the fixed-income market. The rationale: broader tax parity could redirect capital flows toward government-backed paper, potentially supporting debt management objectives while offering investors more diversified entry points.