A time for cash

Official Government statistics released in June showed that the UK economy had worsened again. Perhaps unsurprisingly, the Bank of England stepped in and pumped a further £50bn into the economy through its Quantitative Easing (QE) programme. The idea is that QE will cut the cost of borrowing for individuals, companies and the Government. This is to encourage consumers to spend and firms to invest, but, whereas this may help to ease the pain in one area of the economy, for those who have just reached the retirement crossroads, the decision about whether or not to buy an annuity has just g...