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The UK’s economic policy response to coronavirus has been world-leading—so far

We need to be ready to do more when required

By James Smith  

Chancellor Rishi Sunak (left) meeting with the Governor of the Bank of England Mark Carney in Downing Street, London, before heading to the House of Commons to deliver his Budget.

This has been a big week for economic policy. Faced with the prospect of their economies grinding to a halt in the face of measures to reduce the spread of coronavirus—not to mention the immediate reality of financial markets in freefall—central banks and governments around the world have been busy announcing support packages. These efforts are obviously a distant second priority to the job of protecting the population from infection and…

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