Following the most recent Monetary Policy Committee meeting the Bank of England announced that it was throwing even more money at the economy in the form of quantitative easing, which has already cost £175 billion. (more…)
Tags: Quantitative easing, bank of england, Inflation, Chancellor of the Exchequer, Monetary Policy Committee, interest rateOver the past few weeks many industry officials and groups were convinced that Britain was at last coming out of the other side of the recession. It was widely expected that official third quarter figures would show that there had been an increase in economic output and that the nation would officially be out of recession. (more…)
Tags: Alistair Darling, Late 2000s recession in Europe, Recessions, Market trends, Macroeconomics, Quantitative easing, bank of england, Mervyn King