Quantitative Easing, how do the side effects of this economic medicine affect you?

The Bank of England’s Monetary Policy Committee (MPC) has given the UK economy another dose of Quantitative Easing (QE) medicine, increasing the existing program by a further £50 billion, taking the total to £375 billion. The theory behind QE is that helps the stagnant economy, but there are some pretty nasty side effects to this particular medicine especially when it is taken at the same time as low interest rates. So, whether you are a borrower, a saver, soon to retire or already a pensioner, how does QE affect you?...