Qualified advisers answering your
Financial Questions
call 0800 092 1245

Is the UK economy set for a wobble?

The Bank of England has today confirmed that the quantitative easing program will be halted after reaching the £200 billion level. The monetary policy committee meeting also confirmed that UK base rates will remain at 0.5% for the 11th month in a row, something which many analysts had already forecast. So what is in store for the UK economy?

While the Bank of England admitted that the quantitative easing program has had a positive impact on the UK economy there is a belief that at least in the short term the UK needs to stand on its own 2 feet. The bank has not ruled out reintroducing the quantitative easing program with additional funding but at this moment in time there are no firm plans in this direction.

The next few months will be vital for the UK economy with increased economic activity required to take up the slack left by the pulling of the quantitative easing program. Whether the Bank of England will need to reintroduce the quantitative easing program if the economy begins to struggle remains to be seen but this is a gamble which many feel is worth taking.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details