Reply #14: Prospect of more Bank QE grow as economy stumbles - Reuters poll [View All]

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http://uk.reuters.com/article/2011/09/15/uk-economy-britain-poll-idUKLNE78E00320110915

(Reuters) - There is a growing chance the Bank of England will restart its bond buying programme as a one-in-three chance of another recession has convinced more forecasters that the bank will act to cut those odds, a Reuters poll found.

The poll of 60 economists, taken over the past week, found forecasts for 2012 economic growth slashed, based on a recent run of poor data, a spiralling debt crisis in major trading partner the euro zone, and a slowdown in the United States.

The number of Britons out of work rose by its biggest amount in two years, official data showed on Wednesday, a sign that the government's fiscal retrenchment programme is starting to bite.