Friday 5 October 2012

QE Balls

The papers have become fond of aping Private Eye's Number Crunching feature, where figures are contrasted to ironic effect.  Here's one of my own.

£4bn - the sale proceeds of the new 4G licences, which Ed Balls says he would use to kick-start the economy.

£400bn - the amount of QE the Bank of England has pumped into the economy in the last two years without kick-starting the economy at all.