Bank Governor says deep debts run up by Labour during the boom years are hampering the country's recovery

The Times
"The Governor also underlined the Bank's intention to use quantitative easing - sometimes called printing money - to boost the economy. But he tried to allay fears that the move could cause a jump in inflation: “We are not going to allow a great inflationary surge. The problem at present is not that the amount of money in the economy is growing too rapidly, threatening an inflationary surge, it’s that the amount of money in the economy is growing too slowly," he said."
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