Member

While I appreciate what the noble Baroness is trying to achieve with this amendment, and noting that it takes a different approach from the similar amendment she tabled at Grand Committee, the Government’s view remains that adding such a new objective could complicate matters for the Bank of England in using the new mechanism alongside stabilisation powers. This is for similar reasons to those I already touched on in relation to the amendment tabled by the noble Baroness, Lady Bowles, although there are some important differences in this case.