QE expected
The Bank of England is expected to launch the sixth round of quantitative easing this week. This is likely to take the total of its money-creation programme to a minimum of £325billion, the equivalent of more than 22% of GDP. This figure means that for every £1 in £5 that the nation earns, the Bank has conjured £1 out of thin air, says the Mail.
The Mail on Sunday, Page: 72 The Sunday Times Business, Page: 8 The Independent on Sunday, Page: 85
Posted on 06 Feb 2012