George Osborne is indulging in expensive economic experiments with unknown consequences, an influential group of MPs today warns.
The Public Accounts Committee (PAC) accuses the Treasury of failing to understand the risks of its £375 billion quantitative easing (QE) programme.
A new report by the committee also warns one Coalition scheme designed to help companies get cheaper bank lending failed. And it questions how well the Treasury would respond to a repeat of the 2008 financial crisis.
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