Reaction as King calls crisis 'worst ever' for UK

Speaking to Sky News after the Bank authorised the injection of a further £75bn into the economy through quantitative easing (QE), King said: "This is the most serious financial crisis we've seen at least since the 1930s, if not ever." The Bank has already pumped £200bn into the economy. Here is how this morning's national newspapers summarised yesterday's development: The Telegraph Printing more money won't work this time Inflation, not deflation, is the problem for the UK - and the Bank of England will make it worse. Yesterday, the Bank announced that it intended to extend it...