Battening Down the Hatches

The UK Treasury and Bank of England prepare for stormy times ahead. While official co-ordination is welcome and additional QE inevitable, the problem is that the scheme is too small, insufficiently innovative and more likely to boost bank profits than sustained business growth..
BoE Governor King Mansion House speech, 14 Jun 2012
Q&A: Funding for Lending, Financial Times, 15 Jun 2012
Osborne’s £100bn plan for UK economy, Financial Times, 15 Jun 2012