Written Question·Treasury·UIN 40811
Bank of England
Tabled: 24 March 2025
Answered: 31 March 2025
Question
Nick Timothy
Conservative — West Suffolk
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
Emma ReynoldsThe 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...
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