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1145054
registered interest false more like this
date less than 2019-09-05more like thismore than 2019-09-05
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Exchange Rates more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect on the exchange rate of Sterling with the Euro in the event that the UK leaves the EU without a withdrawal agreement. more like this
tabling member constituency Stockton South more like this
tabling member printed
Dr Paul Williams more like this
uin 287609 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-09-09more like thismore than 2019-09-09
answer text <p>It is not appropriate for the government to comment on specific currency market movements.</p><p> </p><p>The government accepts the market-based price of sterling and does not have a view on what level this should be. Moreover, speculating on the value of sterling could hurt confidence in our macroeconomic framework.</p><p> </p><p>It is important to remember that the UK’s macroeconomic framework is based on an inflation target, and it is for the independent Monetary Policy Committee to set monetary policy to meet this target.</p> more like this
answering member constituency Salisbury more like this
answering member printed John Glen more like this
question first answered
less than 2019-09-09T14:00:05.267Zmore like thismore than 2019-09-09T14:00:05.267Z
answering member
4051
label Biography information for John Glen more like this
tabling member
4666
label Biography information for Dr Paul Williams more like this