PARLIAMENTARY WRITTEN QUESTION
(29 January 2025)

To ask the Chancellor of the Exchequer, what discussions she has had with the Bank of England on encouraging economic growth in relation to its consultation entitled Amendments to the Bank of England’s approach to setting a minimum requirement for own funds and eligible liabilities, published on 15 October 2024.

Asked by:
Mark Garnier (Conservative)

As set out in the Government’s Written Ministerial Statement published on 15 October, the Government welcomed the Bank of England’s proposals for consultation in relation to its approach to setting minimum requirements for own funds and eligible liabilities. The consultation closed on 24 January and the Government will continue to engage closely with the Bank of England as it considers the feedback it has received. This engagement has included and will continue to include consideration of the impacts on economic growth.

Answered by:
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