BoE: printing a recovery

Recovering UK? The Bank of England does not believe it. The central bank’s Thursday decision to print a further £50bn in fiat money – on top of the £125bn in so-called quantitative easing already agreed – surprised investors, most of whom thought the economy would get no more help from Threadneedle Street. But whether this money-printing will actually prove helpful is doubtful. The decision looks a vote of no confidence in the theory that the green shoots of recovery are deepening their roots. T...