TRIGGERnometry Lord Nigel Lawson: "I've Never Been More Worried About This Country"
Dec 6, 2020
Lord Nigel Lawson, former Chancellor of the Exchequer under Margaret Thatcher, shares his insights on the UK's current economic landscape. He critiques the government's 'Green Industrial Revolution' and its financial repercussions, while expressing concern over the lack of credible political opposition. The discussion also delves into the implications of a potential no-deal Brexit, highlighting the importance of effective policy management. Lawson reflects on political leadership quality and examines the economic challenges facing both the UK and the eurozone.
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Questionable Timing for Renewable Energy
- Embarking on renewable energy projects during a global crisis and economic instability is questionable.
- "Greenery" has become a new religion, possibly distracting from the pandemic.
Tackling Deficit and Debt
- Cut back on government spending and raise taxes, however unpopular, to tackle the deficit and debt.
- Balancing the budget is possible, as demonstrated by Lawson's previous success as Chancellor.
Post-Lockdown Economic Outlook
- The post-lockdown economic picture could resemble the 1930s Great Depression.
- It could be worse if the "Green Industrial Revolution" continues.
