Coronavirus and the UK economy: Andy Haldane

The COVID crisis is affecting every aspect of the economy, and, uniquely, it’s hitting every country in the world hard at the same time. What can government do in a crisis without a rulebook? Andy Haldane, chief economist at the Bank of England, joins Bronwen Maddox to discuss the impact of COVID-19 on the UK economy. Is the authorities’ economic response sufficient to support businesses during the lockdown? What role should the Bank of England play in this process? What changes might COVID-19 make to the future of the economy and financial system? And are we in for a V-shaped downtown, an L or a Nike Swoosh?  “This is a simultaneous and enormous shock to every country on the planet.” – Andy Haldane Presented by Bronwen Maddox. Audio production by Alex Rees.  See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit podcastchoices.com/adchoices