Treasury mandarin tells MPs emergency measure likely to have helped economy but admits full impact is unknown The Treasury's most senior civil servant has told a committee of MPs that pumping hundreds of billions of pounds worth of cash into the economy as an emergency measure was an "experiment" and the results may not be known for years. Permanent secretary Sir Nicholas Macpherson told the public accounts committee there was "uncertainty" in Whitehall over whether increasing quantitative easin...
Treasury mandarin tells MPs emergency measure likely to have helped economy but admits full impact is unknown The Treasury's most senior civil servant has told a committee of MPs that pumping hundreds of billions of pounds worth of cash into the economy as an emergency measure was an "experiment" and the results may not be known for years. Permanent secretary Sir Nicholas Macpherson told the public accounts committee there was "uncertainty" in Whitehall over whether increasing quantitative easin...
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