“I think the government has to do something considering where we are. There has to be stimulated growth in the economy as finance is limited at the moment, especially in manufacturing. It’s about time it pulled its finger out.”
I think the Bank of England is running out of other options, although I don’t think it will change anything in the long run. Slashing interest rates further will not have much of an impact either.
I don’t think it is a particularly effective method, it simply props up the banks. I think keeping the interest rates low is probably a more effective method of boosting the economy. Quantitative easing is only good for the markets in the short term.