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

The transcript discusses the impact of COVID-19 on economic confidence, highlighting the nervousness and apprehension among people. It covers government measures and coordination between the Chancellor and other officials to support livelihoods. The challenges posed by the virus are acknowledged, emphasizing the limitations of central banks and governments. Finally, concerns about unemployment and the potential 'cliff edge' effect when support schemes are withdrawn are addressed.

What measures are being taken to mitigate the effects of the virus on the economy?

What concerns exist regarding unemployment as support schemes are withdrawn?