'Frustrated' Osborne urges more BoE action

Chancellor George Osborne has taken the unusual step of calling on the Bank of England to do more to help support the UK economy, according to reports.

With the Bank due to announce the outcome of February's monetary policy meeting later today, Osborne has raised the stakes by calling for a commitment to further action. The Chancellor said the government's attempts to bring down the fiscal deficit means that "monetary policy action by the Bank of England can and should continue to support the economy", the Financial Times has reported. The paper said Osborne had "let slip his frustration" with the BoE, whose quantitative easing programme has already seen it make £375m worth of asset purchases. Those comments came at an Organisatio...