Government policy on bank regulation is confused and contradictory

Andrew Lilico speaks to BBC Radio's Today Programme

Andrew Lilico, member of the IEA's Shadow Monetary Policy Committee, appears on the Today Programme to discuss the LIBOR scandal and whether the Bank of England will restart Quantitative Easing. He argues that while the initial tranche of QE was useful, regulatory confusion means that simply pumping money into the economy will not encourage banks to lend.

Listen to the interview here. (Segment begins at 19.08)