THE move to inject £50bn into the economy was backed by seven members of the Monetary Policy Committee, the minutes of its latest meeting reveal.

Spencer Dale and Ben Broadbent were the dissenting voices at the meeting which discussed increasing the Bank of England's quantitative easing programme by as much as £75bn.

For the second consecutive month, the MPC also considered cutting the base rate below its historic low of 0.5% but members decided further QE offered better prospects of success.

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