Quantitative easing is a challenging topic and one Economics teachers hardly had to teach until the crash came and the Bank of England couldn't lower interest rates any further. Here are some links that might help you understand it and be able to evaluate whether it has worked or not.
Quantitative easing explained http://www.bbc.co.uk/news/business-15198789
Households lost from Quantitative easing http://www.bbc.co.uk/news/business-24939396
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