UK government borrowing costs have climbed to their highest levels in decades – and suddenly the bond market is back in focus.
In this episode of Investing Unlocked Extra, Georgie Frost is joined by author and award-winning investment journalist Cherry Reynard to unpack what’s happening in the gilt market, why investors are getting nervous about Britain’s finances and what it could mean for mortgages, pensions and the wider economy.
They discuss:
- What gilts actually are – and why they matter
- Why rising yields affect mortgage rates and borrowing costs
- Whether this is another “Liz Truss moment”
- The role of inflation, energy prices and political instability
- Why bond markets care so much about fiscal credibility
- Whether UK government debt is becoming a problem
- How gilts show up in pensions and investments
- Whether bonds are actually attractive again for investors
Cherry also explains the famous “bond vigilantes” idea, why markets can intimidate governments, and whether Britain’s finances are more fragile than many people realise.
If you’ve heard people talking about gilt yields and wondered why it matters to your own money, this episode breaks it down clearly, calmly and without jargon.
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What is Investing Unlocked?
Companies are spending trillions on AI, governments are ripping up the old economic rulebook, global power is shifting, and populations are getting older. But what do these changes mean for your money?
Hosted by multi-award-winning financial broadcaster Georgie Frost, Investing Unlocked takes you beyond the latest market stories to explore the people, ideas and forces shaping our financial futures.
From the future of gold and the promise of AI to what’s really driving Japan’s resurgence and how we should think about wealth, tax and the Budget, Georgie and an impressive lineup of expert guests go beyond the headlines to ask the questions that matter for investors,
Clear, honest, intelligent and entertaining conversations with experts who make complex ideas easy to understand. Whether you're new to investing or want to see the bigger picture, Investing Unlocked will help you feel more confident, better informed and more in control of your financial future.
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