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Lord Purvis of Tweed (LD)

Speaking in the House of Lords on 16 September 2026

Debate

Government Debt

Contribution

My Lords, in reply to my noble friend’s question about the Debt Management Office, the Minister said that it was part of the Bank of England and that he would write to my noble friend, which I am grateful for. To help him draft the letter, might he quote from the DMO website, which says under “Who we are”: “In institutional terms, the DMO is legally and constitutionally part of HM Treasury … The Chancellor of the Exchequer determines the policy and financial framework within which the DMO operates”. Will that assist the Minister in the drafting of his letter to my noble friend?

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