The Bank of England agreed to do another £6.3 billion of quantitative easing today
No, maturing bonds were repaid: they put the money into more bonds. That is, they maintained QE, not did more.
Let’s be clear: that means the UK is still doing quantitative easing to support the finance sector.
That £6.3 billion could instead be used to capitalise a National Investment Bank.
Capitalising an NIB with that money would be reversing QE. The very thing that Ritchie assures us will never happen.