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Quantitative Easing

(Photo: Getty)

The European market hangover – bad news is bad news again

17 October 2014 14:04

In the latest Spectator, Liam Halligan takes a sobering look at European markets bearing the brunt of sanctions against Russia. ‘The western economy that’s suffered most, by far, is the… Continue reading

49 Comments
David Cameron has got into trouble over not knowing the price of value bread.

Women think that David Cameron is out of touch for good reason

1 October 2013 18:50

Well, the great breadmaking debate hots up. David Cameron neatly sidestepped the heffalump trap that Nick Ferrari put in his path in an interview on LBC when he asked him… Continue reading

83 Comments
Cameron sits under his own magic money tree. Picture: Carla Millar

David Cameron DOES have a magic money tree

7 March 2013 19:44

So David Cameron says there is ‘no magic money tree’. In his big economy speech today, the Prime Minister said:  ‘Now of course there are plenty of people out there… Continue reading

48 Comments
Mark Carney, governor of the Bank of Canada, has been appointed the next Governor of the Bank of England. Picture: Getty

Osborne’s coup: Mark Carney is the new Bank of England Governor

26 November 2012 16:52

Hiring Mark Carney may just be George Osborne’s best move since becoming Chancellor. Britain badly needed a break from the failed economic consensus which still hangs around the Bank of… Continue reading

27 Comments
Graphic: Carla Millar

George ‘Masterchef’ Osborne spices up the accounts

9 November 2012 16:52

Fresh from his success nationalising the Post Office pension, which artificially knocked £23 billion off the national debt, the Chancellor has come up with another manoeuvre which effectively adds £35bn… Continue reading

27 Comments
Zero_era

Sir Mervyn King: Quantitative easing is reaching its limit

24 October 2012 9:43

Quantitative easing isn’t an eternal elixir of economic health. That was the admission from Bank of England Governor Sir Mervyn King last night at a speech in Cardiff. Sir Mervyn… Continue reading

57 Comments
The IMF now says that UK GDP was significantly above potential from 1999 to 2008. Picture: Getty Images

The poverty of economics

9 October 2012 13:36

The IMF’s growth downgrades will make tomorrow’s newspaper headlines but the more striking point is its decision to massively rewrite British economic history. As Citi’s Michael Saunders notes (PDF), the… Continue reading

26 Comments
QE - Mervyn King's weapon of choice. Illustration: Morten Morland.

QE — the ultimate subsidy for the rich

23 August 2012 17:58

It’s official: Quantitative Easing has marked the biggest transfer of wealth to the rich of any government policy in recent documented history. The Bank of England released an analysis today, which… Continue reading

48 Comments
Bank Of England Considers Further Quantitative Easing

QE is no substitute for a growth strategy

5 July 2012 13:00

So the Bank of England is firing up the presses again, and injecting another £50 billion of Quantitative Easing (on top of the £325 billion we’ve had so far), in… Continue reading

22 Comments
TG_v121

Meryvn has his case for more QE

19 June 2012 12:45

Last Thursday Mervyn King said ‘the case for further monetary easing is growing’, and today’s surprise inflation figures give the Governor and his policymakers more leeway to introduce the next… Continue reading

16 Comments
147100

The IMF says it’s the Bank’s economy now

22 May 2012 11:35

When the IMF published a report into the UK economy last year, I wrote a blog post detailing how it managed to please everyone: George Osborne, Vince Cable, Mervyn King,… Continue reading

22 Comments
175100

Metaphorical Merv

16 May 2012 17:56

Mervyn King unfurled a mast of metaphors this morning. ‘We are navigating through turbulent waters, with the risk of a storm heading our way from the continent,’ he said. ‘We… Continue reading

15 Comments
119010

QE is a government hijack, says King

23 April 2012 17:05

While Mervyn continues to inflate our universe via Quantitative Easing, another Mr King — Stephen, the chief economist of HSBC — has issued a report saying QE is a way… Continue reading

20 Comments
121410

QE comes to the fore

18 April 2012 9:16

It’s roughly seven months until George Osborne’s Autumn Statement, so no better time to consider which political issues will come to the boil ahead of it. Fuel costs, I’m sure,… Continue reading

24 Comments
137010

Right to reply: Why QE isn’t a disaster for pensioners

15 March 2012 14:08

The best of all possible worlds for the pension industry is a buoyant economy. Workers have enough money to save, share prices rise and dividend growth is robust. Interest rates… Continue reading

25 Comments
2451

Osborne accidentally makes the case for more savings

21 February 2012 12:29

Rhetoric aside, what’s the difference between left and right in British politics? You won’t catch either party quantifying it, because the answer embarrasses both. The ever-cautious George Osborne is cutting… Continue reading

33 Comments
621

A warning for Osborne and his economic agenda

14 February 2012 9:41

Why did Moody’s downgrade Britain to AAA with a negative outlook, but leave other countries on AAA? One crucial factor is the scale of our debt increase: 60 per cent… Continue reading

38 Comments
154110

Nassim Taleb: Ban Tesco bonuses

12 February 2012 16:05

There have been precious few people able to make sense of the crash. The main commentators didn’t see it coming — and so have focused their energies stressing how no… Continue reading

23 Comments
155810

A feast of Quantitative Easing

9 February 2012 12:25

Fire up the printing presses, once again. The Bank of England has just announced another £50 billion of Quantitative Easing, bringing the total monetary expansion up to £325 billion. And… Continue reading

33 Comments