What quantitative easing could mean for you Rich get richer

Since 2009, the Bank of England has used QE to try and revive the British economy. But evidence from the Office of National Statistics showed that the bank’s purchase of a third, or £375 billion-worth, of government bonds (or gilts) actually made the richest 10 per cent richer by hundreds of thousands of pounds. According to the Bank of England, QE in the UK delivered a massive boost to the wealth of the most prosperous 10 per cent of households in Britain while delivering relatively scant returns for the poorest.

Getty