Bootle: QE is not the danger you think it is

Economist and founder of Capital Economics Roger Bootle has said quantitative easing (QE) is not the "inflation danger" people should be worried about - the focus should be on the intentions of the government.

The UK's headline rate of inflation fell to 2% in December, meeting the government-set target for the first time since November 2009, according to official figures from the Office for National Statistics (ONS). The drop confounded most economists who had forecast it remaining at 2.1%. Falls in utilities and food prices over the last few months have helped bring inflation down, the ONS said. Worries about the previously above-target levels of inflation had led some to blame the Bank of England's £375bn asset purchase scheme. But Bootle (pictured) said "QE is not the worry". "Japan h...