§ Mr. Tony Blairasked the Chancellor of the Exchequer why the Bank of England conducted a spot check into the books of the discount houses on the night of Thursday 5 March.
§ Mr. Ian StewartThe Bank of England undertakes spot checks to satisfy itself that the prudential framework for the activities of the discount houses is being continuously observed.
§ Mr. Tony Blairasked the Chancellor of the Exchequer why discount houses were asked by the Bank of England to accept £640 million eight-day loans on Thursday 5 March.
§ Mr. Ian StewartThe object of the Bank of England's operations on 5 March was to offset the anticipated money market shortage.