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1718972

registered interest
date	16/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Interest Rates
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what steps they are taking to (1) address, and (2) mitigate, any potential risks associated with falling interest rates; and what assessment they have made of the impact on (a) inflation, (b) consumer spending, (c) and financial market stability.
tabling member printed	Lord Taylor of Warwick
uin	HL4753
answer	answer is ministerial correction date of answer 24/05/2024 answer text <p>Monetary policy is the responsibility of the independent Monetary Policy Committee (MPC), so the Government rightly doesn’t comment on the conduct of monetary policy. The Government fully supports the MPC as it acts to return inflation to target.</p><p>The Financial Policy Committee (FPC) is responsible for identifying, monitoring and addressing systemic risks to the UK financial system. Its assessment of the resilience of the system is regularly communicated through the Financial Policy Summary and Record (published quarterly), and Financial Stability Report (published biannually).</p><p>The Government constantly monitors the UK economy’s performance and considers its impact on households and businesses.</p> answering member printed Baroness Vere of Norbiton question first answered 24/05/2024 09:12:41 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	1796 label Biography information for Lord Taylor of Warwick

1713401

registered interest
date	24/04/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Interest Rates
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent discussions he has had with the Bank of England on bank rates.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	23479
answer	answer is ministerial correction date of answer 29/04/2024 answer text <p>Monetary policy is the responsibility of the independent Monetary Policy Committee of the Bank of England. This includes decisions on the Bank Rate.</p><p> </p><p>The Treasury meet with the Bank of England regularly to discuss their assessment of the economy and financial services. This includes regular meetings between the Chancellor and the Governor of the Bank of England.</p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 29/04/2024 14:37:35 answering member 4639 label Biography information for Bim Afolami
tabling member	4131 label Biography information for Jim Shannon