 The Bank of England needs to be much more aggressive in terms of monetary policy. It needs to begin to monetize debt. It needs to be able to buy guilt directly from the Bank of England. So there is no need necessarily to go to external funding markets. This is a perfectly reasonable policy to use at a time when inflation risk is zero. In fact deflation is the big risk. The real problem is insufficient demand to keep capacity operating. Our target in terms of economic policy should be to ensure that the broad framework of productive business remains intact for the recovery which will come. You mentioned the Bank of England's balance sheet there. I mean what happens to all this debt that's being issued post the crisis. I mean is this just going to sit on the Bank of England's balance sheet forever in a day. I mean you're talking about potentially debt to GDP deficit to GDP ratios of eight to 10 percent again. Well I don't think I don't think that's a useful metric. I think it's the affordability and very low interest rates means that we can afford a higher ratio than we could have done when interest rates were in their mid teens. So 15 years ago we regarded 40 percent debt to GDP as being top. Now I have no difficulty with debt to GDP going well over 100 percent. If it means that the economy can then in due course begin to produce at which time you drain the liquidity off and as businesses and people begin to earn then your tax income goes up you stop paying these special benefits and you get yourself back into a stable funding position. But Pro Tem the government borrows with its left hand through the debt management office of the Treasury and it buys the same debt back through the Bank of England's QE program. So it's a bit like transferring money from your left hand trials a pocket to your right hand trials a pocket. But as it goes through it gives liquidity and energy to the economy. That's what's missing at the moment. I actually found it and I don't think governments thinking quickly enough. I found it shocking that after waiting eight days to hear Rishi Shunek's program for the self employed. He came up with the same program. He'd already announced for the employed. He was blindingly obvious that that could work for the self employed. So why were people put through that necessary stress for eight days. So I think that I know the people in the Treasury and Bank of England are really high quality and of extraordinary high commitment to public service. But they they clearly don't have the capacity to handle all these issues.