Bank of England's QE programme 'is adding to inflation'

Critics say the Bank of England's quantitative easing (QE) programme is adding to inflation while savers and pensioners also suffer from prolonged low interest rates.

Last week the Bank of England fuelled speculation that it is close to ending its multibillion-pound quantitative easing programme after deciding against a further cash injection.

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Tuition fees push inflation up

UK inflation leapt to 2.7% last month after university students were hit with a near-trebling in tuition fees and households faced rising food costs, official figures revealed.