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Bank of England boosts bond-buying programme by £100bn - business live

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BOE committee votes 8-1 to pump more money into the economy and keeps interest rate at 0.1%; stocks retreat on fears of second Covid-19 wave

Suren Thiru, head of economics of the British Chambers of Commerce, has sent us the lobby group’s thoughts. He is calling for more stimulus measures from the UK government to supplement the Bank of England’s action. The Bank of England’s decision to significantly expand quantitative easing reflects the unprecedented impact of coronavirus on the UK economy. It is vital that the Bank works with financial institutions to ensure that it translates into on the ground support for businesses.

 

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THe BoE has finally managed to discover the secret of the 'Magic Money Tree': just print as much cash as you need!

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