News — 2013

Budget analysis

2013 Budget George Osborne

With interest rates at an all time low, and with QE having run out of steam, it looks like conventional monetary policy is, as least for now, a dead duck. Low interest rates and quantitative easing were supposed to be sufficient to lift the UK economy out of the doldrums and into growth, increased private investment and rapid job creation - so much for the textbooks.

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