BoE's Dale: Eurozone uncertainty will hurt UK 'for years'

The UK economy slipped back into recession in the first quarter of 2012 as it contracted by 0.3%. Dale told The Sunday Times newspaper: "I'd expect the uncertainty (in the eurozone) to continue for the next few years, even if some of the worst outcomes are avoided. "It will continue to act as a drag on our economy." In minutes of its May meeting, members of the BoE's Monetary Policy Committee voted to maintain the government's asset purchase programme at £325bn. "Some people say we can just pump more into the economy with QE, but if weak growth reflects problems on the supply si...