The Bank of England has released their quarterly Inflation Report, a document that summaries the UK’s financial progress over that period. The report warns that 2010 will be “fragile” for the economy in the UK in terms of recovering from the recession that is currently upon the nation.

Despite the Bank recently adding an additional £50bn of new money in to circulation in an attempt to boost a turnaround in the current downwards spiral, the Banks governor Mervyn King has stated that more is needed, they “estimate…a further £50bn” will be needed to try and boost the overall economic growth.