What Does Quantitative Easing achieve?

The biggest economic lever being pulled to jump start the economy is Quantitative Easing by the Bank of England. I have often wanted someone to set out – in cold, objective terms – the pros and cons of this for our economy. This week, two commentators discuss the implications of QE, including the impact on savers.

Allister Heath criticises it as a blunt measure to tackle a moving target here. Fraser Nelson highlights the surreptitious attack on pensions here.