Some forecasters have recently commented that with the economy remaining extremely weak, further support in the form of up to an additional £100bn through the Monetary Policy Committee’s “Quantitative Easing” (QE) programme may be required, but this remains to be seen. Unsurprisingly the outcome of the December Monetary Policy Committee meeting witnessed no change in the Bank of England base rate and the level of new money injected into the economy remains at £275bn
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