QE

Another £50bn will be pumped into the British economy by the Bank of England through its quantitative easing (QE) programme.

The latest batch of QE aims to kick start the faltering UK economy. Previous rounds of QE have already injected £325bn into the banks. The BoE left interest rates at 0.5% - the same rate for more than three years – a record low.

The UK economy is already in a double-dip recession, and has limped along for the past 18 months.