Spreadbury: UK growth at risk from more QE

The latest round of quantitiative easing is a threat to future economic growth in the UK, Fidelity's bond star Ian Spreadbury has warned.

Speaking after the publication today of minutes from the Monetary Policy Committee's (MPC) latest meeting, Spreadbury said the latest move to boost the economy may in fact do the opposite in the long run. "Not only could it prove inflationary in the future but it is already causing distortions," he said. "It is helping keep inefficient parts of the economy afloat - banks are a good example. It is interfering with free market forces and keeping debt at historically high levels, which is preventing the economy from resetting itself." Spreadbury, manager of the top performing £914m Fi...