Mr Osborne has cleared the Bank to increase the scale of its quantitative easing (QE) programme from �200bn to �275bn due to the deterioration in the economic outlook.
Describing it a positive move for the economy, the Chancellor said ?the evidence shows it will keep interest rates down and boost demand and that will be a help for British families.?
The Shadow Chancellor however disagreed that quantitative easing would address the current economic problems.
He warned that the government's policy of "tax rises and spending cuts" was "crushing the economy" and said that relying on the Bank of England to bail out the economy made the Conservative party look "increasingly desperate".
about us business business news news latest news us news key news best news economic news finance news
No comments:
Post a Comment