Osborne gives green light for more QE

Osborne says he will adhere to any decision made by the central bank's nine-member Monetary Policy Committee, should it expand the current £200bn quantitative easing programme. "If it makes judgments, then I would basically follow those judgments," he says. The Bank of England last week left its emergency stimulus unchanged and held interest rate at the historic low of 0.5%. Osborne also reiterated the Government's spending cuts will not derail economic growth. "We have a staggered plan over four years. It does not come into effect overnight," Osborne says. "I do not think you ca...