The Bank of England is today set to announce plans to expand its "money printing" programme by a further £25 billion, taking the total to £150 billion, in an effort to force banks to step up lending to consumers and businesses.
According to The Times, the announcement is expected as the Bank's Monetary Policy Committee (MPC) unveils its interest rate decision, with borrowing costs likely to be kept at a historic low of 0.5 per cent in an attempt to lift Britain out of recession. Full story...
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