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How the adults in the room handled the economic impact of COVID-19 in March - not the politicians and not their advisers.

"The adults in the room: On Sunday 15 March, the morning before he became the 121st governor of the Bank of England, Andrew Bailey absorbed the news from around the world. In the past 12 hours, the White House had banned all visitors from the UK, Spain had introduced a national lockdown, France had closed all non-essential businesses, and Germany had re-erected its borders.... The Chancellor Rishi Sunak has won praise for his coherent presentation of the Treasury’s plans, but he was not the architect of them. The architects were the civil servants, says an outsider who worked closely with the Treasury in March, "not the politicians, and not the political advisers". "


Source: www.newstatesman.com

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