Interview with Andrew Bailey, Governor of the Bank of England, on Q.E.

The transcript discusses the economic challenges faced by 2.9 million people excluded from support schemes, the Bank of England's role in monetary policy, and the mental health crisis linked to the economic downturn. It also covers the outlook for economic recovery, avoiding oversimplified predictions, and emphasizes the importance of aggressive policy measures.

What is the primary role of the Bank of England in supporting the economy?

• Offering self-employed support

• Creating job retention schemes

• Implementing monetary policy

• Providing direct financial aid to individuals

What is a potential consequence of the economic crisis mentioned in the second section?

• Improved employee well-being

• Higher social contact

• A mental health crisis

• Increased job opportunities

How does the speaker describe the working conditions of employees during the crisis?

• Unusual and strained

• Completely isolated

• Normal and relaxed

• Highly social

What does the speaker suggest about the shape of the economic recovery?

• It will be a quick recovery

• It might resemble a W or double dip

• It will not involve any downturns

• It will be a straightforward V shape

Why is the economic recovery expected to take a long time?

• Due to immediate recovery efforts

• Due to a lack of government intervention

• Because the Bank of England is not involved

• Because of the second wave and aggressive policies