Monetary Policy
Lords · Question HL1166 · Tabled 22 Jun 2026 · Treasury · Official record
Answered 6 Jul 2026
Question
Asked by Lord Kinnock
To ask His Majesty's Government what has been the cost to public funds of the Treasury's arrangement to support the Bank of England practice of quantitative tightening since 2022.
Answer
Answered by Lord Livermore, 6 Jul 2026
The Bank of England has operational independence from the Government to carry out its statutory responsibilities for monetary policy, including quantitative easing and quantitative tightening. HM Treasury’s response to the Treasury Select Committee’s inqu...