Lees warns against further QE in UK on inflation worries

The UK should not set upon a further bout of quantitative easing to curb its economic problems, says F&C's Peter Lees, as inflation is already too high.

The head of UK equities says economic numbers have been better than expected recently and inflation is already above the 2% Bank of England target.   "I do not see any reason for any more QE right now. We see inflation coming down next year but not by much and, in fact, we think interest rates will be moved higher in the second half of next year."   He points to concerns in the US that QE may not be having the desired effect on the economy as further reasons for the UK to avoid printing more money.   "The US recovery, if you can call it that, has not been reflected in asse...