The UK has borrowed its way as far as it can, says the new Lord Mayor of London. Nicholas Lyons, a former insurance chairman, argues the City has to become more globally competitive and the government should think about creating a UK sovereign wealth fund. He also discusses the oncoming recession with Bloomberg's Caroline Hepker and Stephen Carroll, and why banks and insurers must help protect the 15 million workers who have less than £100 in savings.See omnystudio.com/listener for privacy information.