Lord Barnett – 2014 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Barnett on 2014-06-25.

To ask Her Majesty’s Government what discussions the Chancellor of the Exchequer has had with the Governor of the Bank of England on possible increases in interest rates; and what was the outcome of those discussions.

Lord Deighton

The UK’s monetary policy framework, set out in the Bank of England Act 1998, gives operational responsibility for monetary policy to the independent Monetary Policy Committee (MPC). The Chancellor of the Exchequer has frequent discussions with the Governor of the Bank of England on a wide range of issues on the UK economy.