§ Mr. Austin MitchellTo ask the Prime Minister if he approved the statement of Government policy set out in paragraph 5 of the Bank of England press release of the text of the Deputy Governor's speech to the City branch of the Institute of Directors on 13th December 1993. [16988]
§ The Prime MinisterAs stated in the 1995–96 Financial Statement and Budget Report, the role of monetary policy is to deliver low inflation. The Deputy Governor's speech to the City branch of the Institute of Directors was fully consistent with the Government's monetary policy.
§ Mr. Austin MitchellTo ask the Prime Minister whether the appointment of the Governor or Deputy Governor of the Bank of England requires or receives(a) Cabinet approval and (b) positive security vetting. [16942]
§ The Prime MinisterAppointments of Governor and Deputy Governor of the Bank of England are made by Her Majesty the Queen on the advice of the Prime Minister. The posts are subject to security vetting procedures.