Bank of England's recovery policies have increased inequality, finds S&P
by Phillip Inman and Hilary Osborne from on (#13HYZ)
QE and low interest rates have handed extra wealth to richest households by propping up stock markets and supporting booming house prices, says report
Bank of England policies to help Britain's economic recovery have made inequality worse and increased the wealth gap between young and old, according to a leading credit ratings agency.
A study by Standard & Poor's has found thatthe low interest rates and quantitative easing used to rescue the economy after the 2008 crash have handed extra wealth to the richest households by propping up stock markets and supporting booming house prices.
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