Source · Select Committees · Treasury Committee

Fifth Report - Quantitative Tightening

Treasury Committee HC 219 Published 7 February 2024

Report Status

Government responded

Conclusions & Recommendations

22 items (10 recs)

Source

View on Parliament website ↗

Government Response

AI assessment · 22 of 22 classified

Accepted 9

Acknowledged 6

Deferred 1

Not Addressed 1

Rejected 5

Government response

Third Special Report - Quantitative Tightening: Government, Bank of England and Debt Management Office Reponses to the Committee’s Fifth Report · published 18 Apr 2024

Read the government response ↗ Response on the Index

Recommendations & Conclusions

1 item

18 Conclusion Not Addressed

Para 81

Committee does not support cutting remuneration of Bank reserves due to financial stability concerns

Conclusion

We have received proposals for interventions that would cut the remuneration of bank reserves and thereby reduce the ongoing losses arising from QE and QT. However, we have also received evidence that cutting remuneration now could be similar to a … Read more

Government Response Summary

The government discusses the cashflows between HM Treasury and the APF, highlighting the transparency of the Bank's reporting and the wider economic impacts of QE and QT. The response does not directly address the committee's conclusion that it does not support cutting the remuneration of Bank reserves.

HM Treasury

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