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On the question of the Bank of England Monetary Policy Committee deciding on the question of Quantitative Easing. My opinion is : Not very likely.
So, the solution as the PM is proposing, Credit Easing, will be the one people will be hoping to hear details of in depth. The banks starting a programme of matched funding, soft loans to sure-to-prosper small family businesses which may need some capital for expansion or stocks...that is traditionally the sort of idea.
Soft loans for start up capital for Entrepreneurs and Digital Economy SMEs, where I guess the growth could be, is another idea I would suggest.