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).

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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%