The economic consequences of the pandemic
All Out Politics
Sky News
4.2 • 156 Ratings
🗓️ 14 May 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
As scientists keep watch on the 'R' rate of infection, the 'R-word' has returned to the economic discourse with the Chancellor admitting the UK is facing a significant recession.
The panel explore the messaging from the devolved nations and the challenges confronting the pandemic as a 'United' Kingdom.
And is there a consensus on Adam's view that female leaders of the world have handled the situation better than their male counterparts?
Joining the podcast this week are the Comment Editor of City AM, Rachel Cunliffe, the chief executive of the Ipsos MORI Ben Page and Sky's senior Ireland correspondent David Blevins.
Transcript
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| 0:45.9 | Hello, welcome to the All-Out Politics Podcast from Sky News. |
| 0:49.5 | I'm Adam Bolton. |
| 0:50.7 | This week we're going to talk about how the UK is heading into a record-breaking recession and also how the various nations of the United Kingdom plan on lifting the lockdown. |
| 1:05.0 | Joining me this week are the comment editor of City AM, Rachel Cunliff, the chief executive of Ipsos Mori at the pollsters, Ben Page, |
| 1:13.8 | and Sky's senior island correspondent, David Blevins. |
| 1:21.6 | Well, let's start with the economic prospects and impact of coronavirus. |
| 1:26.8 | The Chancellor of the Exchequer Rishi |
| 1:28.2 | Sunak did not mince his words this week. The first quarter was that bad based on just a few |
| 1:34.9 | days of the impact of coronavirus in March. So yes, it is now very likely that the UK |
| 1:40.4 | is facing a significant recession at the moment and this year. Well, the cost would be much worse if we hadn't acted, |
| 1:47.0 | because I think what we're trying to do at the moment is preserve as many businesses, |
| 1:51.0 | protect as many jobs as possible, so that when we're through this crisis, they're still there, |
| 1:56.0 | and then we can bounce back strongly. |
| 1:57.0 | And if we hadn't done what we're doing today, there would be far more job losses and far more businesses that wouldn't be here then. And as if that wasn't bad enough, we are not |
| 2:05.3 | through this crisis yet. The UK is still under lockdown to varying extents. Boris Johnson laid out |
| 2:13.9 | his plans last Sunday and everyone's been arguing about quite what they mean in the days since then. |
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