§ Mrs. LawrenceTo ask the Chancellor of the Exchequer if he plans to change the remit of the Bank of England's Monetary Policy Committee. [124311]
§ Mr. Gordon BrownIn accordance with Section 12 of the Bank of England Act 1998, I have today written to the Governor restating the MPC's remit and how it will be held accountable for meeting the remit.
My letter has been laid before Parliament and a copy has been sent to the Chairman of the Treasury Committee. Copies are also being deposited in the Libraries of both Houses.