Bank of England injects £50bn into UK economy

A further £50bn (€62.2bn) was injected into the British economy today as the UK struggles to pull out of its double-dip recession and the eurozone debt crisis intensifies.

The Bank's Monetary Policy Committee (MPC) voted to increase the quantitative easing (QE) programme - effectively printing more cash - from £325bn (€404.4bn) to £375bn (€466.66bn) despite the risks it poses to the country's inflation rate.