Here's the Evidence That QE Has Harmed the UK Economy

TELEGRAPH BLOGS – JEREMY WARNER: Bit late on this, but a report this week by the management consultancy McKinsey has attempted to quantify the distributional consequences of central bank asset purchases (so-called quantitative easing) which I referred to in my column this morning. Pretty terrifying reading it makes too, hammering home the point that QE has been extremely beneficial to indebted governments and other borrowers, but on the whole very damaging to households, particularly elderly ones reliant on fixed income forms of saving. » | Jeremy Warner | Friday, November 15, 2013

My comment:

Cameron, Osborne, et al, and those at the Bank of England should be lynched for what they've done to savers. That's right! You've got it! Lynched! What these people have done is not only criminal, but it is very, very cruel too. Why we Brits put up with this is beyond me. We should turn on them. That's what we should do! These people are the scum of the earth. They may have fancy twangs, but they are low-life. Nothing more.

We, the savers, should sue the government for malpractice and irresponsible governance. We'd have power in numbers. – © Mark

This comment appears here too.