John Redwood’s contribution at Treasury questions, 26 June 2012

Mr John Redwood (Wokingham) (Con): When will the House be given the details of the three very large schemes for monetary easing announced at the Mansion House, and when will we be given a chance to debate them?

Mr Osborne: It is standard practice for the Bank to announce its own monetary and liquidity schemes. That is what it did with the liquidity proposals, and the Governor of the Bank was answering questions about them this morning before the Treasury Committee in this House. When we have further details about the funding for lending scheme, we will of course come to the House and make that announcement, but I hope that my right hon. Friend will allow me to continue to make Mansion House speeches as Chancellors have before.


  1. Paul Danon
    June 27, 2012

    A wee bit facetious of the chancellor. I don’t expect that Mr Redwood is against speeches per se. What’s significant are these major policy-decisions which are being taken without reference to parliament, which is sovereign. Can Mr Speaker hold a minister and/or the governor in contempt?

  2. AJAX
    June 28, 2012

    It is amazing how quiescent England’s political/media complex is whilst H.M. Treasury engages in Bernanke’s immense voodoo economics experiment, there are v. few voices raised questioning the risks inherent, despite what now appears to be failure looming with ominous financial consequence.

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