Bank of England's strategy 'boosts wealthiest'

Press Association
Bank of England
Bank of England

The wealthiest 5% of Britons have seen their fortunes increased further by the Bank of England's economy-boosting efforts while many pension funds have suffered, the Bank has revealed.

Its quantitative easing (QE) programme has increased total household wealth by 16%, or £600 billion, after increasing the value of assets. But it is the richest households - holding around 40% of these assets - that have benefited the most, according to the Bank.