Another £75bn down the drain?

[Pete]

The Bank of England has said it will inject a further £75bn into the economy through quantitative easing (QE).

http://www.bbc.co.uk/news/business-15196078

If £200bn wasn't enough, how do they think a mere £75bn is going to do anything.   

Pete

[badger]

The Government , need to make sure this money hits the high streets and the local economy  , any deviation away from this will lead to the same stagnation as before, the only way to get the economy going again is to get the public spending , not what has happened before is the money through QE is sat in banks doing nothing.
This is where this government have been proven wrong, what they should do is copy the Australian way where the banks did not get the cash the people where given it by the government and told to get out and spend it, this happened twice boosting the Australian economy thus they are in a far better state than the UK, this is a simple easy way to understand  and Analise the situation.

[Mike Hawkins]

Another £75bn for the banks! Bonuses should be good this year!

Help the economy? Decides upon where these greedy naughty people spend it!

Help the economy? Nationalise the banks without compensation!!

[Pete]

They don't call them merchant bankers for nothing.

IMHO they need to cut VAT.

Pete

[Mike Hawkins]

Oh they are bankers? Silly me I thought they were something beginning with "W"!!