IoD urges Bank to inject extra £50bn into economy - papers

The Institute of Directors (IoD) wants a further £50bn in quantitative easing, on top of the £200bn already injected into the economy to boost the money supply.

"Monetary policy needs to help ensure a sustainable recovery is in place before the public sector recession begins," said Graeme Leach, IoD chief economist. "Yes, inflation is above target now, but a double-dip recession would raise the spectre of deflation. The growth threat is more of a danger than inflation." Despite better than expected services sector data yesterday, industry surveys have been pointing to a slowdown in the UK recovery, writes the Telegraph. Read more Cuts threaten to knock recovery as jobs 'flatline' The British economy is facing a sharp slowdown du...