May says low rates and QE have bad side-effects, need change

Prime Minister Theresa May said on Wednesday that there had been bad side-effects from the Bank of England's emergency measures to protect the economy since the financial crisis and the time had come for a new approach to spurring growth. "While monetary policy with super-low interest rates and quantitative easing provided the necessary emergency medicine after the financial crash, we have to acknowledge that there have been some bad side-effects," May said in a speech to the annual conference o