Osborne 2009: QE is last resort of desperate governments
George Osborne is set to face tough questions today about the coalition government's economic strategy after the Bank of England expanded quantitative easing by £75bn, a move he has previously called "the last resort of desperate governments".
The Bank today increased its QE programme by a shock £75bn in a bid to kick-start the UK’s ailing economy. Previously only £50bn had been discussed as a possible rise. It is the first time the Bank...
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