Want to create an interactive transcript for this episode?
Podcast: Beyond Currency
Episode: 8 February 2021 - Pent up demand to drive recovery
Description: "When everything is at a record low the economy can only go one way. As Rodney Dangerfield says in the immortal Caddyshack, “Everyone’s Buying? Then sell! Everyone's selling? Then buy!”
The first part is coming to an end, hopes are growing that the second part is going to see hospitality, services, employment, and output grow exponentially from pent-up demand when the various lockdowns are relaxed.
Chancellor Rishi Sunak has already acted, loosening the conditions on loans granted to small and medium sized businesses to enable them to survive the crisis.
£45 billion has been borrowed by around 1.4 million businesses and Sunak h...