The Bank of England may need to print a lot more than £50bn

The Bank of England is to print another £50bn in the hopes of boosting the economy. But it won't be anything like enough. Phil Oakley explains why, and what it means for you.

The economic storm clouds are getting darker. Despite the government running big budget deficits and the Bank of England printing money, Britain's economy is stuck in a rut. With interest rates near zero, the economic policy makers are running out of options.

So it's little wonder that the Bank has decided to print another £50bn today.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.