Bank of England (Appointment of Governor) Bill

Part of the debate – in the House of Commons at 11:31 am on 6 July 2012.

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Photo of Sam Gyimah Sam Gyimah Conservative, East Surrey 11:31, 6 July 2012

The hon. Gentleman seems to be ignoring the fact that the Treasury Committee already scrutinises the work and operations of the Bank of England. In fact, only last week the Governor gave evidence to the Committee. There is already parliamentary scrutiny of the substance of what the Bank of England does, and I do not see why we need to give the Treasury Committee this major constitutional power to veto the appointment as well.