The Bank of England was split over a decision to put more cash into the United Kingdom’s economy. The event was discovered after minutes from the Monetary Policy Committee were made public. The MPC meeting, which took place on 6th August 2009, discussed a measure put forward by the  Governer of the Bank of England, Mervyn King.

King suggested pumping a £25bn pumping in to the UK economy, which would have made the boost total £75bn. However, the policy was voted out by a majority and a sum of £50bn was setlled on. The backers of the extra £25bn stated that too little of a boost “might harm public confidence in the recovery, causing it to falter”.

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