Bank of England
Commons · Question 40811 · Tabled 24 Mar 2025 · Treasury · Official record
Answered 31 Mar 2025
Question
Asked by Nick Timothy
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of introducing a tiered reserve system on public finances.
Answer
Answered by Emma Reynolds, 31 Mar 2025
The Bank of England has operational independence from the government to carry out its statutory responsibilities for monetary policy and financial stability. Monetary policy, including quantitative easing, is the responsibility of the independent Monetary...