MPs are to launch an inquiry into the government's decision to pump £375bn of new money into the economy, amid growing concerns that the policy has not worked and could cause rapid inflation in future. Conservative MP Andrew Tyrie, chairman of the cross-party Treasury select committee, said they were taking action because "some people may be worse off as a result" of the policy, known as quantitative easing, or QE, and that it required "careful scrutiny". He added that the committee would look at the "winners and losers" from QE and its cost to the taxpayer. There is growing concern that the four tranches of QE ... (full story)