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More QE to help 'worst financial crisis ever'

Former Bank of England governor Mervyn King
    • Caitlin Morrison

    • Indicative reading time: 1 minute

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Mervyn King, governor of the Bank of England, has dubbed the current financial crisis the worst the UK has ever seen.

He made his views known following the announcement of further quantitative easing (QE) measures - £75bn is to be injected into the economy.

The Bank of England has already pumped £200bn into the struggling UK economy by purchasing government bonds.

The announcement did stimulate some recovery in the markets, with growth at 0.1% according to the Office of National Statistics.

John Douthwaite, CEO for SimplyStockbroking, said: “The announcement that the Bank of England says it will inject a

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