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Lords turn the spotlight on addictive quantitative easing The Bank of England has spent £450bn on propping up the UK during the pandemic, creating an unsustainable and dangerous situation 11 July 2021 • 6:00am The UK economy grew 0.8pc in May, slowing from a 2pc expansion the previous month. Friday’s GDP figures attracted much comment – even during the build-up to the Euro 2020 final. But this new data, despite theoretically measuring every transaction across the economy, failed to capture the trend on which attention should be focused. The GDP expansion in May was less than expected. Financial markets, having celebrated news of easing travel restrictions earlier in the week, were underwhelmed. There were, though, some interesting details – with accommodation and food services surging 37.1pc, as restaurants and pubs welcomed customers back indoors. Automotive output meanwhile plunged 16.5pc, as a shortage of semi-conductors disrupted production.

United kingdomAndy haldaneBank governor andrew baileyHouse of lords economic affairsBank governor mervyn kingGovernor andrew baileyLords economic affairsBank governor mervynஒன்றுபட்டது கிஂக்டம்ஆண்டி ஹால்டேன்வங்கி கவர்னர் ஆண்ட்ரூ பெய்லிவீடு ஆஃப் பிரபுக்கள் பொருளாதார வாழ்க்கைத்தொழில்கள்கவர்னர் ஆண்ட்ரூ பெய்லிபிரபுக்கள் பொருளாதார வாழ்க்கைத்தொழில்கள்