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Bank Of England under pressure to increase quantitative easing fund

In one final push to drag the UK economy out of recession, a number of economists in the UK are putting pressure on the Bank of England's monetary policy committee to increase the quantitative easing fund by at least £50 billion. This would take the "liquidity enhancing strategy" to a total figure of £225 billion, which as pointed out in the Telegraph today, is more than the gross domestic product of Greece.

The fact is that the UK economy is still struggling to pull away from the recession despite the fact we have seen Japan, Germany, France and America start to make strides in the direction of growth. For some reason, despite massive government investment, the UK economy is still dragging its heels and UK businesses are in danger of being left behind as the worldwide economy improves. Whether a further investment of £50 billion into the quantitative easing program will be enough remains to be seen but there is today growing pressure on the UK government and the Bank of England.

Those who have followed the recession closely will be aware that the UK government, and many other independent advisers, have been pushing back the date at which they expect the recession to end, which has injected concern and confusion into the investment markets.

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