Bank of England's QE scheme boosted Britain's wealthiest

The wealthiest 5% of Britons saw their fortunes increased further by the Bank of England's economy-boosting efforts while many pension funds have suffered according to a report by the Bank.

Its quantitative easing (QE) programme has increased total household wealth by 16%, or £600 billion, after increasing the value of assets.

But it was the richest households - holding around 40% of these assets - that have felt the benefit the most.


Bank of England pensions row

Pensioners group Saga have said the Bank of England's Quantative Easing measure are "impoverishing pensioners" after the bank issued a report saying that pension schemes had benefited.