Bank of England Increases QE by £75 billion

"Adding more liquidity may well benefit the stock exchanges, however, people on fixed incomes such as pensioners will be confronted by higher prices somewhere down the line and they don't have the ability to increase their earnings to compensate for such rises. Having pounds injected into the system will also serve to keep interest rates low, which is disappointing news for those who have worked hard and managed to save a few quid as the real rate of return is negative."