What the Hell are Gilts and Bonds Anyway?

If talk of gilt markets, securities, and liabilities leaves you baffled – then fear not, we’ve got you covered. In just twenty minutes, Giles Wilkes, former economics special adviser to Theresa May and Vince Cable and now a senior fellow at the Institute of Government, explains to Alex Andreou what gilts are and why they are at the centre of the current economic storm.   “The gilt market has never reacted this badly to anything in my memory.” “Interest rates play a billion roles in the economy…too many to point at one and say, it's better that it's higher.” “Market confidence will be restored. Eventually. But serious damage has been done in the eyes of international markets.” Support us on Patreon: www.patreon.com/bunkercast  Written and presented by Alex Andreou. Lead Producer: Jacob Jarvis. Producers: Jacob Archbold, Jelena Sofronijevic and Alex Rees. Assistant producer: Kasia Tomasiewicz. Audio production by Jade Bailey. Music: Kenny Dickinson. Group editor: Andrew Harrison. THE BUNKER is a Podmasters Production.  Learn more about your ad choices. Visit podcastchoices.com/adchoices