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question text |
To ask Her Majesty's Government, further to the Written Answer by Lord Agnew of Oulton
on 3 December (HL10488) and the exchange of letters between the Bank of England and
HM Treasury on the Asset Purchase Facility on 29 January 2009, what assessment they
have made of the implications of the confirmation in these letters that the financing
of the Asset Purchase Facility by central bank money would require HM Treasury consent
for the question of whether it is appropriate for the Government to comment on the
effectiveness of quantitative easing; and what assessment they have made of the effects
of quantitative easing on the increase in house prices compared to increases in wages.
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