The Bank of England (BoE) has today administered "a large dose of medicine" to the UK’s economy, announcing an extra £150 billion of quantitative easing (QE) and maintaining interest rates at 0.1 percent.

Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, acknowledged that the UK “faces a long road to recovery with the potential of further setbacks along the way”.

The second lockdown is forecast to cause GDP to drop a further 2 percen...