Bank of England to pump £25bn into UK economy

Rate-setters elected to pump an extra £25bn (€27.9bn) into the British economy today amid concerns over getting the UK's faltering recovery out of recession.

The Bank of England voted to boost its quantitative easing (QE) programme, which is aimed at increasing the money supply and helping the economy, bringing planned spending to a total of £200bn (€223.4bn).