Bank votes for another £50bn round of quantative easing

A further £50 billion has been injected into the economy as the UK struggles to pull out of its double-dip recession and the eurozone debt crisis intensifies.

The Bank's Monetary Policy Committee (MPC) voted to increase the quantitative easing (QE) programme - effectively printing more cash - from £325 billion to £375 billion despite the risks it poses to the country's inflation rate.