Quantitative Easing is one of the policies that the Bank of England uses to shore up economic growth and stability in the UK by introducing new money into the economy. I believe that in the short term this can be helpful for the UK economy as it increases demand and thus growth. Long term quantitative easing is less certain and we must keep an eye on the issues of inflation that emerge as a result of this.
The Bank of England makes decisions over economic policy independent of Parliament and the Government to try and meet the Government’s objectives. I fully support the independence of the Bank as it can ensure a long-term view and ensures that the most appropriate policy decisions are taken at all times.