Bank of England pumps an extra £100bn into UK economy

Quantitative easing expanded to help Britain recover from coronavirus crisis

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The Bank of England has announced a new 100bn stimulus package for the UK economy amid fears of a surge in unemployment in Britain's hotels, restaurants and shops following the end of the government's furlough scheme in the autumn.

Threadneedle Street's nine-member monetary policy committee (MPC) voted eight to one to boost the amount of money being pumped into the economy despite evidence that easing the lockdown had prompted a more rapid pickup in spending than the Bank envisaged.