Bank of England set to put £50bn into UK economy

The Bank of England is widely expected to pump billions of pounds into the UK economy this week despite signs that the UK’s financial health may be starting to improve.

The Bank’s Monetary Policy Committee (MPC) is forecast to increase its quantitative easing (QE) programme by £50 billion to £325 billion on Thursday in a bid to stave off a recession, while it will also hold interest rates at record lows of 0.5%.