HC Deb 19 June 1998 vol 314 cc342-3W
Mr. Mitchell

To ask the Chancellor of the Exchequer if he will require each future appointee to the Monetary Policy Committee to have had experience in running a business. [46364]

Mrs. Liddell

Appointments to the Monetary Policy Committee will continue to be made on the basis of people who have the relevant expertise.

Mr. Mitchell

To ask the Chancellor of the Exchequer if he will require each member of the Monetary Policy Committee to give a reasoned explanation for their views on any interest rate changes proposed by the Committee. [46366]

Mrs. Liddell

The reasons underlying interest rate decisions are given in detail in the minutes of the monthly Monetary Policy Committee meetings. They are also covered in the press notices following any change in interest rates and in the Bank of England's "Inflation Report".

Mr. Mitchell

To ask the Chancellor of the Exchequer (1) if he will require a published statement from each member of the Bank of England's Monetary Policy Committee of their loans, mortgages, overdrafts and interest bearing accounts; [46367]

(2) if he will require each member of the Monetary Policy Committee to publish after each interest rate change a statement of its effects on their personal finances. [46365]

Mrs. Liddell

: No.

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