Monetary Policy
Commons · Question 21944 · Tabled 3 Jan 2025 · Treasury · Official record
Answered 9 Jan 2025
Question
Asked by Ben Maguire
To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of (a) expanding the base money supply and (b) other alternative monetary policy.
Answer
Answered by Tulip Siddiq, 9 Jan 2025
Monetary policy is the responsibility of the independent Monetary Policy Committee (MPC) of the Bank of England. This includes decisions on Bank Rate and the stock of UK government bonds held in the Asset Purchase Facility. It is for the MPC to judge how ...