QE halt 'met with disappointment'

The end of quantitative easing (QE) will prove a bitter blow to businesses, it has been suggested.

Moves by the Bank of England to end its £200 billion quantitative easing (QE) programme have been criticised.

Commenting as the Bank's monetary policy committee opted to bring QE to a close yesterday (January 4th), Will Rogers, policy advisor at Birmingham and Solihull Chamber of Commerce and Industry, claimed that although the move "is not surprising", the UK economic situation continues to remain fragile.

"A significant boost of another £25 billion would have encouraged further business investment," he tells the Birmingham Post.

Firms considering their use of business accounts may be interested to note his points that, as "now is the time for organic growth", any further interest rate rises will prove to be of detriment to organisations.

Companies assessing their business bank accounts may also want to bear in mind advice from Helen Hanson, of staffing agency Hel's Angels, who told the Daily Mirror that start-up companies should endeavour to pay their staff on time.

By Emma North ADNFCR-2079-ID-19601153-ADNFCR

Friday, 05 February 2010 00:00

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The comments listed below are opinions held by the individuals posting and are not endorsed by, or representative of opinions held by which4u.co.uk. We cannot be held responsible or liable for the accuracy or content of any comments submitted. We reserve the right to publish, remove or edit comments as we see fit.

Jonathan Webber 2010-02-08 15:18:34

I'm with 'Will' on this one. Very disappointing. The economy needs stimulating.

Good work chamber

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QE halt 'met with disappointment'

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