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More than three quarters of UK business owners do not feel that the latest quantitative easing measures are enough to help stimulate growth in the economy, a new survey has found. Skipton Business Finance surveyed its clients about their opinions on the new £50bn quantitative easing measures implemented this month, with 73% saying they felt the government should pursue other methods to help stimulate the economy. Two thirds felt that QE was not an effective long-term strategy for the economy, and more than 80% of business owners said that they weren’t seeing any effect of the quantitative easing program. Ed Carney, Skipton’s head of marketing, said: “Many of the respondents to our survey were particularly vocal in expressing their disappointment at the way the economic situation is being handled by the government. Many SMEs aren’t seeing the benefits of QE, and our clients feel that the banks will more than likely be sitting on the funds from this initial round of QE to strengthen their balance sheets and reserves.” Other Business Money News
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