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1564398

registered interest
date	06/01/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: Incentives
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of uncapping bankers bonuses on tax revenue.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	117493
answer	answer is ministerial correction date of answer 11/01/2023 answer text <p>The removal of the banker’s bonus cap is a rule change being proposed by the independent Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA). As such HM Treasury has not assessed the impact of removing this cap on tax revenue.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 11/01/2023 15:56:53 answering member 4874 label Biography information for Andrew Griffith
tabling member	1447 label Biography information for Andrew Rosindell

1547362

registered interest
date	01/12/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Inflation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent discussions his Department has had with the Bank of England on meeting the two per cent inflation target.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	100906
answer	answer is ministerial correction date of answer 07/12/2022 answer text <p>The Chancellor is fully committed to the independence of the Monetary Policy Committee (MPC) in setting monetary policy, and has no plans to review this. At Autumn Statement on 17 November, the Chancellor re-affirmed the MPC’s remit and primary target of achieving 2% CPI year on year, and stated that this government will not change the definition of price stability.</p><p> </p><p>The Chancellor and the Governor of the Bank of England remain in close contact to ensure that monetary and fiscal policy are coordinated. The government also continually monitors economic developments, including inflation, to consider their impact on businesses and households. The government does not comment on the conduct or effectiveness of monetary policy.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 100907 100908 question first answered 07/12/2022 11:32:00 answering member 4874 label Biography information for Andrew Griffith
tabling member	1447 label Biography information for Andrew Rosindell

1547363

registered interest
date	01/12/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Monetary Policy: Inflation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department has made a recent assessment of the potential impact of quantitative easing on the rate of inflation.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	100907
answer	answer is ministerial correction date of answer 07/12/2022 answer text <p>The Chancellor is fully committed to the independence of the Monetary Policy Committee (MPC) in setting monetary policy, and has no plans to review this. At Autumn Statement on 17 November, the Chancellor re-affirmed the MPC’s remit and primary target of achieving 2% CPI year on year, and stated that this government will not change the definition of price stability.</p><p> </p><p>The Chancellor and the Governor of the Bank of England remain in close contact to ensure that monetary and fiscal policy are coordinated. The government also continually monitors economic developments, including inflation, to consider their impact on businesses and households. The government does not comment on the conduct or effectiveness of monetary policy.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 100906 100908 question first answered 07/12/2022 11:32:00 answering member 4874 label Biography information for Andrew Griffith
tabling member	1447 label Biography information for Andrew Rosindell

1547364

registered interest
date	01/12/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank of England: Monetary Policy
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department plans to undertake a review of the autonomy of the Bank of England on monetary policy.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	100908
answer	answer is ministerial correction date of answer 07/12/2022 answer text <p>The Chancellor is fully committed to the independence of the Monetary Policy Committee (MPC) in setting monetary policy, and has no plans to review this. At Autumn Statement on 17 November, the Chancellor re-affirmed the MPC’s remit and primary target of achieving 2% CPI year on year, and stated that this government will not change the definition of price stability.</p><p> </p><p>The Chancellor and the Governor of the Bank of England remain in close contact to ensure that monetary and fiscal policy are coordinated. The government also continually monitors economic developments, including inflation, to consider their impact on businesses and households. The government does not comment on the conduct or effectiveness of monetary policy.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 100906 100907 question first answered 07/12/2022 11:32:00 answering member 4874 label Biography information for Andrew Griffith
tabling member	1447 label Biography information for Andrew Rosindell