QE and low interest rates own handed extra wealth to richest households by propping up stock markets and supporting booming house prices,says reportBank of England policies to wait on Britain’s economic recovery own made inequality worse and increased the wealth gap between young and faded, according to a leading credit ratings agency.
A study by Standard & Poor’s has found thatthe low interest rates and quantitative easing used to rescue the economy after the 2008 crash own handed extra wealth to the richest households by propping up stock markets and supporting booming house prices.
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Source: theguardian.com