Summary
Titanic or QE2? The Bank of England unleashed a second round of quantitative easing yesterday in an attempt to kickstart the UK's flagging economy. Already it is being called QE2. With the Coalition Government seemingly stuck in the tramlines of its austerity programme and interest rates already on the floor, options are limited.
Will it work? A report from the Bank on the last round of QE claims it provided a "significant" benefit to growth and was the equivalent to dropping interest rates by between 1.5 and 3 percentage points.See the full content of this document
Extract
Will Qe2 Revive Economy or Do We Face Titanic Disaster?
Not everyone agrees. Much depends on your personal situation. Ros Altmann, director of Saga, speaks for ma...
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