The Bank of England's (BoE) second round of quantitative easing (QE) will be a "Titanic disaster" for pension schemes and members, Saga says.
The FTSE 100 rose today after the Bank of England (BoE) voted to inject a further £75bn into the economy through quantitative easing (QE). Interest rates will remain the same, at 0.5%.
Chancellor George Osborne has revealed the government will use credit easing to direct money towards small businesses.
Adam Posen, the external member of the Bank of England's Monetary Policy Committee (MPC), has upped his call for more quantitative easing (QE) to £100bn and proposed a ‘public bank' for businesses struggling to find credit on the highstreet.
The Bank of England has kept interest rates at their record low level of 0.5% following the latest meeting of the Monetary Policy Committee (MPC).
UK output softened in three months to August, and if the economy weakens further it will pave the way for more QE, according to the National Institute of Economic and Social Research (NIESR).
The Bank of England's Monetary Policy Committee (MPC) continues to be split on interest rates as UK inflation remains at a two-and-a-half-year high, minutes of its latest meeting show.
Members of the Bank of England court revealed yesterday they are "uncomfortable" with governor Mervyn King's involvement in politics.
The auction of €5bn ($4.3bn) of five-year bonds to fund Stage One of the Irish loan package was subject to huge demand from Asian and Middle Eastern investors yesterday.