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  Alexander - QE decision was not Osborne, that falls under the independent Bank of England. I have already blogged my own disapproval of that and this could rise to £300bn.
  
  QE impacts on inflation 18 months to 2 years later. It is the same as any commodity, increase its supply and you lower its value. In this case lowering sterling's value means higher prices in the shops.
  
  In the meantime there is also downwards pressure on savings interest rates while the inflation threat means bank base rates will rise so the gap between savings rates and debt rates increases.

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