Cancel QE debt

May 30, 2012 : The lack of growth in the UK has left many, even the IMF, calling for a change in economic policy. Jim Leaviss, manager of the M&G global macro bond fund and blogger on bondvigilantes.com, offers Long View columnist John Authers his radical suggestion to free some cash for growth stimulation - cancel the gilts bought by the Bank of England as part of the £325bn quantitative easing program.
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