National Audit Office

Part of Oral Answers to Questions — Public Accounts Commission – in the House of Commons at 9:30 am on 13 February 2014.

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Photo of Edward Leigh Edward Leigh Chair, Public Accounts Commission, Chair, Public Accounts Commission 9:30, 13 February 2014

I do not think that the Bank of England should be an exception. If the National Audit Office had audited the Financial Services Authority and the Bank of England during the financial crisis of 2007, there may well have been a very different result. When I was Chairman of the Public Accounts Committee, I campaigned long and hard for us—this Parliament—to audit the Bank of England, which we should do.