QE is hardly a success. Some put spin on it but it achieved near nothing. Banks have the money - (most) Corporates and (nearly all) individuals do not wish to borrow, indeed many of both are paying back current debt. None of Gordons "Hard Working Families" will borrow. Individuals have personal issues (job insecurity, lack of "feel good" factor) but mainly its a fear of Rate rises when QE, as it must, ends. So its really like chicken and egg. I would say 2 percent minimum. That then prolongs the recession - so best carry on with QE - after all the interest the Government is paying on those big loans IS very low, isnt it?