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
Thousands have fled Burundi as violent protests against the president's decision to stand for a third term break out, leaving five dead.
Once a fringe party, the SNP has become a thundering political juggernaut that shows no sign of slowing down.
Turning cooler and more unsettled this week, as a low pressure system dominates our weather.