BOE Cuts Rates 50 Basis Points to 0.25%

The transcript discusses the anticipated rate cut by the Bank of England and its implications for the UK and global markets. It highlights the coordinated efforts of the UK government and the potential impact on market sentiment. The discussion also covers market volatility, the importance of not shocking the market, and the introduction of a new SME lending scheme aimed at supporting small and medium enterprises during the economic downturn caused by the epidemic.

What is the significance of the Bank of England's rate cut according to the speaker?

How does the speaker view the importance of the new lending scheme for small and medium enterprises?

What overall impact does the speaker believe the current economic measures will have on the UK?