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 Finally, concerns about unemployment and the potential 'cliff edge' effect when support schemes are withdrawn are addressed.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 was a major reason for the lack of recovery in public confidence during the summer?

• Improved economic indicators

• Apprehension about COVID-19

• Increased government spending

• Rising employment rates

How did the government and central bank respond to the economic challenges posed by COVID-19?

• By increasing interest rates

• By cutting public services

• By coordinating aggressive policy measures

• By reducing taxes

What did the IMF say about the UK's policy response to the economic impact of COVID-19?

• It was uncoordinated

• It was prompt and aggressive

• It was inappropriate

• It was too slow

What is a major limitation of central banks in dealing with the COVID-19 crisis?

• Lack of financial resources

• Inability to directly tackle the virus

• Over-reliance on technology

• Excessive regulation

What concern is raised about unemployment in the context of withdrawing support schemes?

• It will not be affected

• It will decrease significantly

• It will remain stable

• It may increase sharply