The Bank of England has said that quantitative easing (QE) has helped the UK avoid an even worse economic battering.
Without the Bank's asset purchases, most people in the United Kingdom would have been worse off.
Economic growth would have been lower. Unemployment would have been higher. Many more companies would have gone out of business. This would have had a significant detrimental impact on savers and pensioners along with every other group in our society.
More top news
Up until today Zurich has always been a safe haven for Fifa - an island could behave just how they wanted. Yesterday changed everything.
Prime Minister plans a whistle-stop charm offensive with EU leaders this week.
Thriller writer Anthony Horowitz is at the helm of the latest Bond book, which is based on an unfilmed Ian Fleming TV script.