all these interlocking global forces meant i had one question for one of the most important people in globalfinance, the managing director of the international monetary fund. kristalina georgieva, a real pleasure, my friend, having you on this show. and kristalina, let s start with this, because you ve recently said a third of the world is heading into recession this year. how deep do you think the recession could be? what we are looking into is a tough 2023. as you know, we are already experiencing labour market disruptions. when inflation cuts the spending power of people, sooner or later they demand higher wages and if they don t get it, they re on the street. and that kind of disruption we have to be prepared for. and if i have one message to policymakers today, it is, please look into the way you can protect the most vulnerable people given that fiscal conditions are tight, and anticipate the impact of high interest rates on labor markets early . and it wasn t just war
let s now get down to business and starting in the uk. how attractive is the uk as a place to do business? later today we ll find out when the ons releases its latest data on the level of foreign direct investment into the uk in 2021. a recent survey conducted by the accountancy firm pwc suggests britain was the third most important place in the world for businesses to invest, behind the us and china. but the head of the cbi is not so optimistic. in a speech today tony danker will call on the government to not shy away from hard decisions that can reverse the uk s trajectory of falling investment. he will urge the government to seize green growth opportunities. lets get the view of chris southworth, secretary general of international chamber of commerce uk. good to see you. obviously we are talking about investment in the uk from overseas, that is one thing and tony danker calling on the government to invest more, that is another thing. if we talk about the uk at the moment,
The preferred residence. Good morning from london on a day of history and a day of great change. This is stjamess palace, in the heart of london, a stones throw from Buckingham Palace where thousands of people have made their way since the death was announced of her majesty the queen late on thursday afternoon. Queen elizabeth ii, the countrys longest reigning monarch, a constant presence in the lives of the people of this nation. Hers was a life marked with selfless duty and dedication. The focus until now has been at balmoral where she passed away, and at Buckingham Palace where huge crowds have been gathering. But today the focus changes to st jamess palace. The palace has been the residence for Kings And Queens of england for over 300 years. And it was the official residence of the sovereign until the reign of Queen Victoria, when Buckingham Palace became the preferred residence. When the queen passed away, her eldest son charles immediately became king. And today, on this historic
in an unassuming garage in the netherlands, there s an electric car with a secret. no, it s not its ultra light, ultra strong carbon fibre frame, although that is important to the story, and it s not the aerodynamic design that makes it look like a future car from the 19505, although that is important too. no. look closer at that shiny finish, and you ll see that it s not paint. the entire thing is covered in solar panels solar panels on the bonnet, solar panels on the roof, solar panels instead of a back window. yes, this is a solar powered car, and they call it lightyear one. the first production model will be going on sale this summer. its five square metres of solar panels come in narrow sections that better curve around the body and also mean that if it s parked partly in the shade, the sections that are in the sun still work at full capacity. but even though the battery can take you 440 miles on a single charge, a day s worth of sunlight will only provide about 45 mil
in an unassuming garage in the netherlands, there s an electric car with a secret. no, it s not its ultra light, ultra strong carbon fibre frame, although that is important to the story, and it s not the aerodynamic design that makes it look like a future car from the 19505, although that is important too. no. look closer at that shiny finish, and you ll see that it s not paint. the entire thing is covered in solar panels solar panels on the bonnet, solar panels on the roof, solar panels instead of a back window. yes, this is a solar powered car, and they call it lightyear one. the first production model will be going on sale this summer. its five square metres of solar panels come in narrow sections that better curve around the body and also mean that if it s parked partly in the shade, the sections that are in the sun still work at full capacity. but even though the battery can take you 440 miles on a single charge, a day s worth of sunlight will only provide about 45 mil