The Bank of England's £75bn quantitative easing (QE) programme has been severely criticised by Nottingham Council's deputy leader Cllr Graham Chapman, as an ‘efficient way to spend money inefficiently'
Cllr Chapman has called for investment in job creation, rather than the issuance of more money to prop up banks, and funds for rebuilding Nottingham's schools and the A453. ‘It's time the Government changed course and invested in the kind of infrastructure projects we need to help growth,' he said.
