By Marcus Leach

The Bank of England are believed to be on the verge of a second round of quantitive easing to boost the UK's economy amidst fears of another recession.

Consumer confidence has dropped, government budget cuts have hit hard and the eurozone debt crisis is having wide spread consequences. This has forced the Monetary Policy Committee (MPC) to give serious consideration to more quantitive easing, which now seems likely.

With the MPC meeting this Thursday a decision could be announced as early as this week, or possibly delayed until November.

Since the 2009 easing, which saw the level raised to £200 billion (14% of GDP), there has been no further action, but in last month's MPC meeting it was revealed that further quantitive easing was likely.

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