Rishi Sunak Tells Bloomberg Forum Tech Firms Will Out-Issue US Government on Long-Term Debt by 2027

Former UK PM Rishi Sunak, speaking at the Bloomberg New Economy Forum in New Delhi on Oct 13, forecast that technology companies will become the largest net issuers of long-term debt by 2027, surpassing the US government. He attributed the shift to AI capex demand — primarily data-center buildouts and the power infrastructure to run them — adding upward pressure on yields at a moment European sovereigns are already fiscally stretched.