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RUSHES: Coronavirus: Downing Street press conference March 17th cutaways

Coronavirus: Downing Street press conference March 17th cutaways; ENGLAND: London: Westminster: Downing Street: 10 Downing Street: INT Sir Patrick Vallance (Chief Scientific Advisor) speaking to press SOT - From the start of this - that would be extraordinary. But there is - there are multiple different types of vaccines, and there are other approaches being looked at as well which may provide protection. So there's a lot going on - as the Prime Minister said, it's crucial that we support that research to get to the right place to be able to treat people now - which may be possible with pre-existing drugs - and to promote vaccines. CUTAWAYS Patrick Vallance's hands resting on lectern as speaking, TILT UP close shot Vallance speaking PAN Rishi Sunak (Chancellor) speaking to press SOT - Hi Sam, thank you for your question. On the three month mortgage holidays, that's just one start and that's just one aspect of the package - and obviously as the situation evolves we will review everything - but I will defer to Patrick for what he believes the right spread of the virus to be - to your broader point about what's the right shape of a economic response package, I think about it in a few different ways. One of them is we've got a monetary policy and we've got a fiscal policy, and I think what you saw last week in comparison with many jurisdictions around the world, you saw the UK showing global leadership in a coherent, coordinated approach between monetary and fiscal policy, which I think has a multiplier effect beyond the individual measures, and I think that was noticed - so in that sense there's been very significant monetary policy action already - you saw that coordination again today, as I said, we worked on a very particular financing scheme with the Bank of England, again showing that the two arms of economic policy can work together to provide support. And then you can benchmark what we're doing with other countries around the world; there's a mix of...
Coronavirus: Downing Street press conference March 17th cutaways; ENGLAND: London: Westminster: Downing Street: 10 Downing Street: INT Sir Patrick Vallance (Chief Scientific Advisor) speaking to press SOT - From the start of this - that would be extraordinary. But there is - there are multiple different types of vaccines, and there are other approaches being looked at as well which may provide protection. So there's a lot going on - as the Prime Minister said, it's crucial that we support that research to get to the right place to be able to treat people now - which may be possible with pre-existing drugs - and to promote vaccines. CUTAWAYS Patrick Vallance's hands resting on lectern as speaking, TILT UP close shot Vallance speaking PAN Rishi Sunak (Chancellor) speaking to press SOT - Hi Sam, thank you for your question. On the three month mortgage holidays, that's just one start and that's just one aspect of the package - and obviously as the situation evolves we will review everything - but I will defer to Patrick for what he believes the right spread of the virus to be - to your broader point about what's the right shape of a economic response package, I think about it in a few different ways. One of them is we've got a monetary policy and we've got a fiscal policy, and I think what you saw last week in comparison with many jurisdictions around the world, you saw the UK showing global leadership in a coherent, coordinated approach between monetary and fiscal policy, which I think has a multiplier effect beyond the individual measures, and I think that was noticed - so in that sense there's been very significant monetary policy action already - you saw that coordination again today, as I said, we worked on a very particular financing scheme with the Bank of England, again showing that the two arms of economic policy can work together to provide support. And then you can benchmark what we're doing with other countries around the world; there's a mix of...
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1219002165
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ITN
Date created:
March 17, 2020
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00:02:30:06
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r170320014_4542.mov