Source · Select Committees · Treasury Committee
Recommendation 17
17
Paragraph: 76
Clarify whether Chancellor’s APF authorisation is substantial or formal and explain macro-economic impacts
Recommendation
The Treasury should clarify whether the Chancellor’s authorisation of changes to the APF involves a substantial decision or is only a formal endorsement of the MPC’s decision, and explain the extent of the assessment of macro-economic and fiscal impacts that accompanies each authorisation. In particular, the Treasury should confirm whether or not there was a threshold at which the indemnity would not be provided.
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 ↗