§ Mr. Austin Mitchell
To ask the Chancellor of the Exchequer if the views expressed by the Governor of the Bank of England at meetings of EEC central bankers on 955W fiscal, monetary and exchange rate policy represent the views of Her Majesty's Government; and to what extent they are recognised as such by other central bankers and their Governments.
§ Mr. Nelson
In accordance with article 8 of the statute of the European Monetary Institute, the Governor, representing the Bank of England at meetings of the EMI council, acts according to his own responsibilities. Fiscal, monetary and exchange rate policy in the United Kingdom are decided by Ministers. The extent, if any, to which other central banks and their Governments recognise the views of the Governor as representing those of the United Kingdom Government is a matter for them.