Written question asked by Lord Barnett (Labour), in the House of Lords. It was answered by Lord Sassoon (Conservative) on Tuesday, 13 December 2011.
Autumn Statement
- Question
- To ask Her Majesty’s Government, further to the announcement by the Chancellor of the Exchequer in the Autumn Statement that an increase in the ceiling on asset purchases by the Bank of England to £275 billion had been authorised, what assets were expected to be purchased with this sum.
- Answer
-
The Chancellor of the Exchequer, in his letter to the Governor of the Bank of England on 6 October 2011, authorised an increase in the ceiling of asset purchases financed by the issuance of central bank reserves from £200 billion to £275 billion. As set out in a market notice published on the Bank of England's website on 6 October, the independent Monetary Policy Committee decided to purchase gilts with the additional £75 billion.
Secondary information
- Type
- Written question
- Reference
- 13942; 733 c228WA
- Session
- 2010-12
- Related items
- Subjects
- Government securities Monetary policy
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2021-09-03 12:52:57 +0100
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- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1660136
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