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Since it appears the UK will be the very last to come out of recession (albeit several countries have had none, including Libya) the only desperate thing is to continue QE. We need Inflation, the "danger" is Deflation (truly great for those social outcasts Savers though) and unless that Inflation arrives QE is likely to continue. So really all QE has done is prevent Inflation. The Boom was built on unwise spending on Debt by individuals (and Companies) and rampant Property speculation, there is little general enthusiasm any more for such excesses, not least in Gordon Browns` "hard working families".
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