Page 11 - Gerard Lyons News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Reassessment of capitalism. it's about different countries recognising their own responsibilities. if you look at china, the second biggest economy in the world, they have a green agenda. but what the uk has shown, we were the first country to actually come out with net zero or carbon budgets. what we actually are showing in the uk is to use the financial system, which directs capital and money, can play an important role. i'm with you in your question about the need for action, but you don't throw the baby out with the bathwater, to use the old phrase here. but you do need to take radical act...

Meeting to take action. governments didn't follow through with their national recommendations in glasgow. some, like the uk, did, but it does require more people to take action. it requires carbon markets so you can use the price mechanism. but also at the same time it recognises that you can actually have greater investment and a green growth model, as i think some economists, not the ones you've quoted, but i would put myself in there, would highlight. gerard lyons, iappreciate you coming on hardtalk. pleasure. thank you very much indeed. thank you.

Gerard lyons. he's long been an optimist about britain's prospects in the global economy. but at what point does optimism look like delusion? gerard lyons, welcome to hardtalk. thank you. great to be here. it's great to have you here. would you agree with me that you've tried in recent years very hard to look on the bright side when it comes to the uk economy through brexit, through all sorts of different challenges, including the pandemic? are you struggling right now to be optimistic? well, actually, i wouldn't call myself an optimist. i tend to try and be realistic

Believes problems at ftx are beyond its ability to help. now on bbc news, hardtalk. welcome to hardtalk. i'm stephen sackur. the uk economy is in a hole. inflation is high, interest rates are rising, public debt is soaring. and according to the bank of england, brits face two years of recession. the new pm, rishi sunak, has justjunked the economic plan put forward by his short—lived predecessor and he's focused on restoring stability. my guest is economist and sometime adviser to conservative politicians gerard lyons. he's long been an optimist about britain's prospects in the global economy...

We were the first country to actually come out with net zero or carbon budgets. what we actually are showing in the uk is to use the financial system, which directs capital and money, can play an important role. i'm with you in your question about the need for action, but you don't throw the baby out with the bathwater, to use the old phrase here. but you do need to take radical action. but radical action doesn't mean that you... sorry, gerard, but to end, we talked about your optimism, even on this issue of whether we truly can continue to enjoy greater prosperity and avoid the worst of globa...