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European Central Bank: Coronavirus

Treasury written question – answered on 12th May 2020.

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Photo of John Spellar John Spellar Labour, Warley

To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential effect on the (a) UK and (b) world economy of the decision of the German Constitutional Court on funding for the European Central Bank bailout package.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

HM Treasury regularly monitors global economic developments, including those in the euro area, and their impact on the UK as part of the normal process of policy development. It is not for the UK Government to comment on euro area monetary policy issues.

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