Bank policy cripples pensioners say MPs

Sarah Coles
Bank of England
Bank of England

Carl Court/PA Wire/Press Association Images

The Treasury Select Committee of MPs has said that the Bank of England's Quantitative Easing (or QE) policy, coupled with low interest rates, were massively damaging to pensioners and savers, and that they ought to be compensated.

So why is QE so painful, and will there be any funds forthcoming?