quantitative easing won't increase lending - not for a long while at least.

why? banks want to increase their deposits (too much lending not enough deposits = bad - remember)

the BOE's QE program is another gift from the public to the banks - to shore up their balance sheet.

add it on to the bail-out money.

QE is retarded - think about it like this - it takes years to become obese. years of ignoring whats going on. your cloths don't fit, you buy new ones. get a bigger sofa. get rid of the mini and buy an SUV for your fat ass to sit in. One day the doctor tells you - dude you gonna die of heart attack.

What do you do?

1) stop eating so much, go to gym, slim down.
2) eat more food even quicker, in an attempt to "eat your way out of obesity"

whatever they tell you, the public ain't getting that money back. higher taxes for the next 30 years, to keep bankers in jobs, while you lose yours.

like i've said a zillion times, they should have let the banks go bust and covered the depositors - would have been MUCH cheaper. (and thats how capitalism is meant to work anyway)