Home Knowledge Hub Inside The Markets: Ep7 | UK gilts explained: why they’re back in focus for investors

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Inside The Markets: Ep7 | UK gilts explained: why they’re back in focus for investors

Craig Melling 650×650
Craig Melling
Katie Sykes
Investing, News

8th October 2026

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In this episode of Inside the Markets, Katie Sykes, Investment Marketing Specialist, is joined by Craig Melling, Director of Investment, to explain why UK gilts are back in focus for investors.

Using the example of a £100 government IOU, they break down what coupon, price, maturity and yield mean, explain why gilt prices and yields move in opposite directions, and explore the factors currently influencing the gilt market. They also consider whether gilts are genuinely ‘safe’, how returns can come from both interest and price, and why the distinction matters for tax.

The discussion examines the potential role of gilts in generating income, diversifying a portfolio and matching money to future needs, while highlighting the risks investors should understand and why the highest headline yield does not necessarily produce the highest return after tax.

Listen now on demand

Please note

This podcast is intended for UK audiences and is subject to the UK regulatory regime.

The content is provided for information and educational purposes only and does not constitute financial advice, a personal recommendation, or an offer to buy or sell any investment. You should not rely on it when making financial or investment decisions. Before acting, consider seeking advice from a qualified financial planner who can assess your individual circumstances.

The views expressed are those of the speakers at the time of recording and may not necessarily reflect those of Progeny. Information is obtained from sources believed to be reliable but cannot be guaranteed.

The value of investments, and any income from them, can fall as well as rise, and you may get back less than you invest. Your capital is at risk. Investment in stock markets should be regarded as a long-term commitment.

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Meet the expert
Craig Melling
Craig Melling 650×650
Director of Investment

Craig joined Progeny Asset Management as a founding member in 2016. He specialises in private client asset management and monitors a wide range of asset classes, with a particular interest in smaller companies. During his career he has managed a variety of client accounts, including charities, pensions, trusts and private client portfolios.

Craig sits on the internal investment committee and has been instrumental in the development of the selection process and strategy of Progeny Asset Management. He frequently presents his strategy and thoughts on wider financial markets and provides media commentary on a variety of different topics. He has established relationships with various company management teams, partaking in regular update meetings and attending site visits.

Away from the office, Craig enjoys spending time with his wife and two children, whilst his second love is the trials and tribulations of Leeds United.

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