Osborne Says He’d Back King Request for More Monetary Stimulus

Chancellor of the Exchequer George Osborne said he is prepared to give the Bank of England the green light for more monetary stimulus if the central bank judges it’s needed to keep the U.K. economy from slipping back into a recession.

Osborne said he will bow to any decision made by the central bank’s nine-member Monetary Policy Committee, led by Governor Mervyn King, to expand its 200 billion pounds ($319 billion) bond purchase program, a strategy called quantitative easing.