The Bank of England, the Treasury, regulators and professional bodies have been issuing assessments and advice regarding the ongoing coronavirus crisis.
The urgency over coronavirus is ramping up. The Bank of England, the Treasury, regulators and professional bodies have all either issued reassurances about their response to Covid-19, or warnings about what might happen. It may be people who catch the coronavirus, but business and the economy are just as vulnerable to a widespread outbreak. This week the Bank of England said it was examining what the “aggregate demand consequences” might be as a result of supply disruption and said it was looking at how it might address constraints on financing for UK business and households. The contingency plans of banks, insurers and financial markets structure are being assessed by the Prudential Regulation Committee. The US Federal Reserve ha