King: Quantitative Easing amounts to 25% of GDP

Sir Mervyn King's speech reveals that Quantative Easing cash now amounts to a whopping 25% of annual gross domestic product (GDP).


Mervyn King's economy warning

The outgoing Bank of England Governor Sir Mervyn King warned in a speech yesterday that Friday's economic growth figures are likely to be ''considerably weaker" than the summer's figures of 0.9%