Written question asked by John Hayes (Conservative) on Thursday, 8 May 2025, in the House of Commons. It was due for an answer on Monday, 12 May 2025. It was answered by Emma Reynolds (Labour) on Tuesday, 13 May 2025 on behalf of the Treasury.
Bank of England
- Question
-
To ask the Chancellor of the Exchequer, what estimate she has made of the potential saving to the Exchequer of moving to a two-tier system for reserve renumeration.
- Answer
-
The Chancellor regularly meets with the Governor of the Bank of England to discuss matters relating to economy and the Bank’s progress towards meeting its price stability targets.
The government continues to support the Bank’s independence to carry out its statutory responsibilities for monetary policy and financial stability, and there are no plans to change the way reserves are remunerated at the Bank of England. The government is providing the stability required for the MPC to bring interest rates down, by managing the public finances responsibly.
Secondary information
- Type
- Written question
- Reference
- 50826
- Session
- 2024-26
- Grouped for answer
- Yes
- Subjects
- Bank of England Interest rates Bank reserves
- Contains statistics
- Yes
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2025-09-05 22:27:26 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/50826
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/50826
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/50826