Beyond Brexit: Outlook and Risks for the U.K. Economy
Fiscal and Monetary Together

Fiscal and Monetary Together

It was the day of coordinated policy moves in the UK, as both the Bank of England (BoE) and the government announced significant measures to counter the economic effects of the coronavirus. The synchronisation aims to amplify the impact of the actions taken, with the BoE helping credit flow to companies and freeing up fiscal space (via lower interest rates), and the Treasury announcing targeted virus-related measures to help households and small businesses.

The End of the Beginning
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