QE and the Bank of England

The Bank of England is in the process of injecting another £50bn into the economy by simply printing more money. This brings the total amount created ‘out of thin air’ up to £335bn. The way they do this  (Quantitative Easing) is to buy assets - usually financial assets such as government and corporate bonds. In other words they pass it on to the bankers with the hope that it will trickle-down to small businesses and ordinary people. For some reason this doesn’t always work. While banks get richer we get poorer.  Someone has said it would do more to help the economy if the Bank of England fly over Britain throwing out sacks of £20 notes.