The Bank of England has expanded its quantitative easing (QE) programme. Drinks group Diageo is among the FTSE 100’s savvy global operators © Diageo The Bank of England has expanded its quantitative easing (QE) programme in response to the second English lockdown. The Monetary Policy Committee (MPC) voted last week to buy £150bn more government bonds with printed money, taking the total value of its quantitative easing programme to £895bn, about 40% of 2019 UK GDP. The Bank also forecast that it will be early 2022 before the UK economy returns to its pre-pandemic level. […] Some of the top blue-chips earn up to 70% of their profit overseas.
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