Theresa May in surprise attack on Bank of England's interest rate actions



Theresa May said there had been "bad side effects" from the Bank of England's moves to slash interest rates and shore up the economy since the financial crisis.
In a surprise attack on the Bank's actions, Mrs May said people with assets had "got richer" while those without had suffered and savers had been left "poorer" since interest rates had been cut to historic lows.
The Prime Minister said the time had come for a new approach to support growth.
She said: "While monetary policy - with super-low interest rates and quantitative easing (QE) - provided the... read more

 
5 October 2016 in Regional East, Views: 29
Source: Belper News
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