Will helicopter money save us from the coronavirus crisis? This is Money podcast

Will helicopter money save us from the coronavirus crisis? The This is Money podcast on rescue plans that go through the financial looking glass

Britain has been told to stay at home, pubs have been ordered to shut and you’re not even allowed to go to the gym instead.

The coronavirus crisis has turned the consumer economy upside down. Businesses and workers risk going bust on an almost unprecedented level, unless a rescue plan that works can be cooked up.

Cutting interest rates and quantitative easing was the medicine in the financial crisis, but that’s not working this time round, so is it time to start up the helicopter and drop some money?

Helicopter money, people’s QE and a universal basic income are three of the highly unusual measures suggested, as we go through the financial looking glass.

All involve handing out money directly to people and businesses to combat a global economic crisis triggered by pressing the pause button, but is that wise?

On this week’s podcast, we discuss why rescue attempts so far have failed to stop share prices falling, how Chancellor Rishi Sunak stepped things up with a £350billion bailout plan, and what might happen next, with ideas such as helicopter money, people’s QE and universal basic income.

We also discuss how the interest rate cut to a historic low of 0.1 per cent will affect borrowers and savers, how brave investors can buy in if they are willing to risk some money on a future bounce back, and why supermarkets are unable to keep up with panic buying.

And finally, if the podcast audio isn’t up to the usual standards, please accept our apologies, we are working hard to make sure we can keep recording without access to a studio.

How to listen to the This is Money podcast 

We publish our podcast every Friday to the player on This is Money, above, and on Apple Podcasts (iTunes) and on the podcast platforms Audioboom and Acast, both of which allow you to listen on desktop, mobile, or download an app. We also now publish to Spotify.

To download the Apple Podcasts app if you do not already have it, go to the App store. Or go to either the Apple App store or the Google Play store on Android to download the Acast, AudioBoom or Spotify app. 

Press play to listen to this week’s full episode on the player above, or listen (and please subscribe and review us if you like the podcast) at Apple Podcasts, Acast, Audioboom and Spotify or visit our This is Money Podcast page.   

 

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