Written Question·Treasury·UIN 50826

Bank of England

Tabled: 8 May 2025

Answered: 13 May 2025

Question

Sir John Hayes

Conservative — South Holland and The Deepings

To ask the Chancellor of the Exchequer, what estimate she has made of the potential saving to the Exchequer of moving to a two-tier system for reserve renumeration.

Answer

Emma Reynolds

The Chancellor regularly meets with the Governor of the Bank of England to discuss matters relating to economy and the Bank’s progress towards meeting its price stability targets. The government continues to support the Bank’s independence to carry out it...

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