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It’s not just savers who can no longer live off paltry savings income. The retirement annuity industry has been hit by a fall of 20-30% in the annual income that pensioners will be obliged to live off for the rest of their lives.
Jon Snow
It is as if there is a quantitative disease in government; a quantitative collapse of leadership on visionary projects for the future.
Chancellor George Osborne’s announcement that he will use “credit easing” to get the British economy moving will involve risk of loss to the public purse, blogs Faisal Islam. But not yet.
With the US apparently heading for political gridlock, the attention of the financial markets turns to an anticipated mega injection of cash by the US Federal Reserve, writes Neil MacDonald.
Quantitative easing has been the emergency medicine keeping economies afloat, but does the fall of the Japanese stock market foreshadow what happens when it ends?
The Office of National Statistics reports a budget surplus of £11.4bn, boosted by tax receipts and the first payment of interest from the Bank of England’s quantitative easing program.
The Bank of England has just released a fascinating defence of the unintended consequences of its massive quantitative easing programme. Economics Editor Faisal Islam takes a look.
Britain should cut interest rates and consider quantitative easing to stimulate growth, the IMF says, on the back of reports showing 3 per cent inflation and predicting the recession is almost over.
Twenty years ago a £100,000 annuity pot would give a £15,000 income. Nowadays it would give barely a third of that. Neil MacDonald explains why quantitative easing is pushing down retirement incomes.
The Governor of the Bank of England Sir Mervyn King says this is the ‘biggest financial crisis’ the world has ever faced as the bank increases its quantitative easing programme to £275bn.
Cutting rates again to a new record was discussed but there are fears for the impact on banks, building societies and the normal functioning of money markets. No, all roads lead to more quantitative easing. But not just any old QE.
The Bank of England holds interest rates at 0.5 per cent and refuses to extend its quantitative easing programme to boost the supply of money in the economy.
Our Economics Editor looks into the $50billion valuation of Facebook – and finds that UK-style quantitative easing is behind the company’s rapid growth.
Quantitative Easing: What on earth has happened to the £200bn?
We spoke to Darren Jones, the Chief Secretary to the Treasury.