King tells Osborne £37bn QE cash grab will not help UK

clock

Sir Mervyn King, the Bank of England's Governor, told the Chancellor that £37bn cash the Treasury claimed from the QE programme will not help the UK's finances.

As George Osborne readies for gloomy debt forecasts next week, Sir Mervyn King (pictured) said it is "very clear" that any headline boost to the public finances from the Treasury's move will not help the...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Tom Boyle of Atlantic House

How investors can make volatility their friend

Not always a problem

Tom Boyle
clock 25 November 2021 • 5 min read
Erik Knutzen of Neuberger Berman

Why inflation will be higher and more problematic

October's reading up again at 6.2%

Erik Knutzen
clock 22 November 2021 • 5 min read
US Treasury secretary Janet Yellen

Yellen says inflation will come down as US economy recovers from Covid - reports

Pandemic ‘calling the shots’

clock 15 November 2021 • 1 min read
Trustpilot