On November 12th, according to Bloomberg, Chancellor of the Exchequer Rachel Reeves will announce a digital national debt pilot program in her speech at Mansion House in the City of London this Thursday, according to sources. The new Labour government plans to tokenize government debt using blockchain technology in the next two years to improve bond trading efficiency and drop costs. It is reported that the UK government is pushing ahead with a record-breaking borrowing plan of £297 billion (approximately $382 billion), and it is expected to maintain high sales volume in the coming years. Sources say that the plan may require parliamentary legislation support to continue promoting blockchain-based bond sales.