UK quantitative easing policy criticised
In a surprise attack by a supposed ally in Europe, Gordon Brown felt the full wrath of German Chancellor Angela Merkel today after she heavily criticised the U.K.'s policy of quantitative easing. Despite the fact that the European Central Bank is also executing such a policy at this moment in time Ms Merkel felt the UK was a valid target for her differing opinion.
While the full benefits of the quantitative easing programme in the UK have yet to show through many people believe it will in due course assist the recovery. However, as Angela Merkel suggested, there are also concerns that injecting significant cash into the economy could well fuel inflation which could quickly move out of control. Whether this will happen or not is open to debate but we have seen significant cracks start to appear across Europe.
On the face of it you would assume that European partners are pulling together for the good of the European economy but under the surface each and every government in Europe is looking after its own local markets. While there's nothing wrong with this, we have seen significant criticism directed at country such as the UK, which appear to be faring worse than many European partners at this point in time.
Share this..
Related stories
UK shoppers hit the streets
In yet another bizarre U-turn in the UK retail sector it is believed that shoppers were out in record numbers today, many battling through snow and ice cold winds across the UK. As we covered in one of our earlier articles, many retail companies have brought forward their Boxing Day sales and we are seeing massive discounts ahead of Christmas day. So will this retail joy continue? While many re...
Read MoreUK pound falls to 28 year low
The UK pound has today fallen to a 28 year low against a basket of leading currencies including the dollar and the euro. As further concerns are expressed towards the health of the UK economy and the ever-increasing national debt, which now stands at approaching £1 trillion, there appears little reason for traders to switch into sterling at this moment in time. The fact that interest rates are se...
Read MoreFour members of Parliament up for possible expenses convictions
It has been revealed that four members of Parliament, MPs and peers, are under investigation by the director of public prosecutions with regards to potential criminal action in relation to their expenses. While many MPs have been made to pay back a significant amount of money over the last few months there are a handful of members who many believe may be forced to go before the courts to try and c...
Read MoreDo we really need debt?
While the subject of record debt levels in the UK continues to monopolise many financial headlines, we appear to be overlooking the fact that debt is what actually drives an economy forward although there needs to be sensible use of borrowings at all times. The problem we are seeing at the moment derives from the fact that for the last few years at least, debt in the UK has been very cheap and aff...
Read MoreJJB fundraising receives support
A £94 million fund raising by UK sportswear company JJB sports has received the backing of the company's major shareholders and looks likely to be a success. The company has had something of a chequered past over the last 12 months but many believe that this fundraising will finally draw a line under past problems and allow the company to look ahead to the future.
However, in a rat...