The Bank of England's recession-busting policy of quantitative easing could end up costing the Treasury up to £80bn – more than outweighing any profits it will make from the scheme, according to new research by the International Monetary Fund. Policymakers have become increasingly concerned about their "exit strategy" from the unprecedented measures they have used to cushion their economies from the impact of the financial crisis over the past five years. In a study of the impact of "unconventional" policies, including the Bank's £375bn bond-buying programme, economists at the IMF found the Bank could sustain ... (full story)