BANK of England governor Mervyn King wanted to pump an extra £50bn into the economy but was outvoted by members the Monetary Policy Commitee.

Minutes of the MPC's June meeting show four members of the committee voted to increase the Bank's QE programme but five wanted to see no change.

Of the four who voted for extra QE, Sir Mervyn and two others wanted to increase the programme by £50bn while Paul Fisher was calling for a £25bn injection.

The committee was unanimous in its decision to hold t......for the full story register now for free or login below...