The Bank of England's Monetary Policy Committee (MPC) reserved the interest rates at 0.5% and the uncertainty about the economic upturn has concerned the economists who have expected the rates to remain as it is.

The bank has notified that the £200bn programmes of quantitative easing will not be distended.

After the Chancellor George Osborne’s announcement over the deteriorating economy, the policy makers have been pressurized due to the interim conditions. He said that the government will continue with the deficit diminution plans that will ensure the stability of the economy.

An official data has revealed that the economy witnessed a growth of 0.2% during April and June and witnessed a 0.5% downward trend between January and March.

The British Chambers of Commerce (BCC) had notified that the economic condition in the UK will demote and the MPC will have to encourage the buoyancy of the business.

According to BCC chief economist David Kern, "The MPC must keep interest rates as low as possible for as long as possible, and will have to start thinking about an early injection of additional QE".

The economic advisors are expecting better results of the economy in the next year where the drop in inflation rate will have good effect on the households.