Former MPC members warn against 'shock' QE exit

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The UK economy is headed for a shock when the Bank of England (BoE) unravels its quantitative easing (QE) programme, according to two former members of the central bank's Monetary Policy Committee (MPC).

Andrew Sentance, now a senior economic adviser at financial advisory firm PwC, said the BoE's exit from quantitative easing could cause "quite a significant shock", while Kate Barker, a senior adviser at Credit Suisse, agreed the first stage of unwinding will likely give the economy a "bit of a

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