Bank of England governor fears crisis is 'worst ever'

injection of a further £75bn into the economy.

will this amount finally help us with England's financial crisis. "This is the most serious financial crisis we've seen at least since the 1930s, if not ever," he said.

The Bank has already pumped £200bn into the economy, under the previous Labour government.
It has done this by buying assets such as government bonds, in an attempt to boost lending by commercial banks.
Mr Osborne also said he endorsed Mr King's view on the severity of the crisis.
"I certainly think it's as serious as anything since the 1930s," he told the BBC.
The Bank's Monetary Policy Committee has been split for months over whether the UK needs a boost to the economy through QE, an increase in interest rates to stave off inflation - which at 4.5% is well over double its target - or to leave things as they are.