Hello and welcome to Business Daily from the BBC. I'm Manuel de Saraosa. Coming up, governments and

financial institutions have pledged trillions upon trillions of dollars in help to businesses and people

hit by the coronavirus pandemic. But where's all that money coming from? The very people who were saying in the

past, we can't afford for

governments to spend money, are the very people now saying there is a fire for all the water

you can at it and let's worry about the clear up operation afterwards. It's quite the U-turn

after years of austerity. How will it change the way we think about economics?

So I think there is a big question now about what does the 21st century welfare state look like in the wake of the

interventions that the governments had to take. That's coming up here in Business Daily from

the BBC.

Ever since the 2008 financial crisis, governments have been telling citizens the coffers are empty.

They've been counting out every penny.

But now, well...

Today I am making available an initial 330 billion pounds of guarantees.

This plan is about keeping Australians in jobs.

Up to $27 billion in direct support to Canadian workers.

There is a credit line for the federal budget, which is $156 billion.

The single biggest economic relief package in American history, and I must say, or any other

package, by the way.

Over the last weeks and months, many governments and international institutions have pledged

to throw everything and the

kitchen sink at fighting the economic impact of the coronavirus pandemic. Suddenly, it seems there's money

...