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.”
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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.
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