And the amount of income support available varies from person to person. That said, the income support announced so far is scaled to replace the labour income lost across the economy. What is more, government measures are helping people remain attached to their jobs. This will be absolutely critical for supporting the recovery.
Finally, as I noted in this speech, there are clear signs that credit is flowing and the financial system is working well. This will be another key piece underlying the strength of the recovery. Despite the positive signs, though, many risks and uncertainties remain.