The final throw of the dice?

So as expected the Bank of England has cut interest rates to half a per cent and has announced plans for quantitative easing amounting to £75b.

Interest rates have now been cut six times since October but their cutting has had little effect on the bank's willingness to lend money and has irked those that rely on the returns savings and investments for income.

This new policy will be a last chance to kick start the money supply and those green shoots.