Source · Select Committees · Treasury Committee
Recommendation 16
16
Paragraph: 76
Chancellor’s role in approving APF changes for QE/QT remains unclear.
Conclusion
The Chancellor’s role in approving changes in the size or composition of the APF that houses the QE and QT programme remains unclear to us, since on one hand the Chancellor insists that decisions over QE and QT are taken independently by the MPC and cannot be commented upon, while on the other hand the Chancellor’s authorisation is “accompanied by assessment of the macro-economic and fiscal impacts.”
Paragraph Reference:
76
Government Response
A response document is linked to this report, dated 18 April 2024. Response attribution to this conclusion has not been verified. Read the response document ↗