Business: Coronavirus

Treasury written question – answered on 31st March 2020.

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Photo of Martyn Day Martyn Day Shadow SNP Spokesperson (Public Health and Primary Care)

To ask the Chancellor of the Exchequer, what discussions he has had with the Governor of the Bank of England on banks supplying credit to businesses to mitigate economic disruption and support cash flow during the covid-19 outbreak.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The Treasury and Bank of England have regular discussions on the economic outlook, and the Chancellor has regular discussions with the Governor covering the full range of the Bank of England’s responsibilities. This includes the economic disruption as a result of Covid-19, and helping to provide a comprehensive, coordinated and coherent response.

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