Written Question·Treasury·UIN 190745
Banks: Ethics
Tabled: 21 June 2023
Answered: 26 June 2023
Question
Mr Tanmanjeet Singh Dhesi
Labour — Slough
To ask the Chancellor of the Exchequer, whether he has held recent discussions with the banking sector on corporate and social responsibilities.
Answer
Andrew GriffithThe Government does not set mortgage or interest rates. The Bank Rate - which is one factor that lenders use to set mortgage and retail interest rates - is set by the Monetary Policy Committee (MPC) of the Bank of England, which is independent of Governme...
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