What Has Become of the £375Billion Created by the Bank of England under Quantitative Easing?
Have you ever wondered what happened to the £375billion, equivalent to £6,000 for every man, woman and child in the UK, created by the bank of England electronically? This colossal sum of new money is created through the programme called Quantitative Easing (QE), and pumped into the financial markets by the purchase of government bonds.
