Financial Services Bill — Committee (2nd Day) (Continued)

Part of the debate – in the House of Lords at 8:45 pm on 15th March 2010.

Alert me about debates like this

Photo of Lord Myners Lord Myners Parliamentary Secretary, HM Treasury 8:45 pm, 15th March 2010

I thank the noble Lord, Lord Howard of Rising, for his contribution. However, I have already addressed his point. I made it very clear that the Bank of England already has very wide powers to take into consideration macro factors and does not need these to be further memorialised in statute. The Bank of England has made no request to us when we were drafting the Bill that that should be considered.