Gilbert: Banks in a Bind as Carney Urges Lending

The transcript discusses the challenges faced by UK banks due to low interest rates and the lack of demand for loans. It highlights the economic slowdown following the referendum and the broader European lending issues. The conversation touches on the UK's economic identity and the need for government-led fiscal stimulus to drive growth, suggesting infrastructure bonds as a potential solution.

What are the implications of low interest rates on banks as discussed in the text?

What is the significance of the debate happening in London according to the text?