U.K. Treasury ‘Does Not Understand’ QE Risks, Panel Says
This article is for subscribers only.
The U.K. Treasury fails to understand the risks and potential benefits of the Bank of England’s asset-purchase program, a cross-party panel of lawmakers said today.
The department, headed by Chancellor of the Exchequer George Osborne, does not know what has happened to the 375 billion pounds ($581 billion) that has been injected into the economy as part of the so-called quantitative-easing program and the effect on output, the House of Commons Public Accounts Committee said in a report.