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389706

registered interest
date	14/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Monetary Policy
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the criteria under which assets issued as a result of the quantitative easing programme would be bought back.
tabling member constituency	Ross, Skye and Lochaber
tabling member printed	Ian Blackford
uin	7046
answer	answer is ministerial correction date of answer 21/07/2015 answer text <p>The UK’s monetary policy framework, set out in the Bank of England Act 1998 gives operational responsibility for monetary policy to the independent Monetary Policy Committee (MPC). Decisions on the use of monetary policy tools, including quantitative easing, are for the judgement of the MPC.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 21/07/2015 14:53:12 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	4390 label Biography information for Ian Blackford

389707

registered interest
date	14/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Monetary Policy
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, whether he expects further quantitative easing to be undertaken in the next three years.
tabling member constituency	Ross, Skye and Lochaber
tabling member printed	Ian Blackford
uin	7047
answer	answer is ministerial correction date of answer 21/07/2015 answer text <p>The UK’s monetary policy framework, set out in the Bank of England Act 1998, gives operational responsibility for monetary policy to the independent Monetary Policy Committee (MPC). Decisions on the use of monetary policy tools, including quantitative easing, are for the judgement of the MPC.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 21/07/2015 14:54:40 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	4390 label Biography information for Ian Blackford

389470

registered interest
date	13/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Welfare Tax Credits
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will make an assessment of the implications for his policies of the statement by the Institute for Fiscal Studies that increases in the minimum wage will not fully compensate for changes made to the tax credits system.
tabling member constituency	Ross, Skye and Lochaber
tabling member printed	Ian Blackford
uin	6778
answer	answer is ministerial correction date of answer 20/07/2015 answer text <p>As a result of the introduction of the National Living Wage, 2.75m workers are expected to benefit directly, and up to 6m could see their pay rise as a result of a ripple effect up the earnings distribution.</p><p> </p><p> </p><p> </p><p>Overall, 8 out of 10 working households will be better off in 2017-18 as a result of the Summer Budget increase to the income tax personal allowance, welfare changes, and introduction of the National Living Wage. This translates to 12.5 million working households who will be better off.</p><p> </p><p> </p><p> </p> answering member constituency East Hampshire answering member printed Damian Hinds question first answered 20/07/2015 13:55:17 answering member 3969 label Biography information for Damian Hinds
tabling member	4390 label Biography information for Ian Blackford

389475

registered interest
date	13/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Monetary Policy
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of the quantitative easing programme put in place by the Bank of England.
tabling member constituency	Ross, Skye and Lochaber
tabling member printed	Ian Blackford
uin	6775
answer	answer is ministerial correction date of answer 21/07/2015 answer text <p>The UK’s monetary policy framework, set out in the Bank of England Act 1998, gives operational responsibility for monetary policy to the independent Monetary Policy Committee (MPC).</p><p> </p><p> </p><p> </p><p>The MPC’s macroeconomic policy tools, including quantitative easing, are designed to affect the economy as a whole, in order to meet the 2 per cent inflation target over the medium term.</p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 21/07/2015 14:35:45 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	4390 label Biography information for Ian Blackford

389476

registered interest
date	13/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Monetary Policy
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of the quantitative easing programme on (a) bank lending generally and (b) M4 lending.
tabling member constituency	Ross, Skye and Lochaber
tabling member printed	Ian Blackford
uin	6776
answer	answer is ministerial correction date of answer 30/07/2015 answer text <p><strong>The UK’s monetary policy framework, set out in the Bank of England Act 1998, gives operational responsibility for monetary policy to the independent Monetary Policy Committee (MPC).</strong></p><p> </p><p> </p><p> </p><p><strong>The MPC’s macroeconomic policy tools, including quantitative easing, are designed to affect the economy as a whole, in order to meet the 2 per cent inflation target over the medium term.</strong></p><p> </p><p> </p><p> </p><p><strong>The Bank of England’s paper, “The United Kingdom’s quantitative easing policy: design, operation and impact”, published in 2011, notes that, “Asset purchases may also have a stimulatory impact…by influencing bank lending, though this channel would not be expected to be material during times of financial crisis.”</strong></p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 30/07/2015 10:23:02 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	4390 label Biography information for Ian Blackford