When we reformed the Bank of England in 1997, we introduced a second deputy governor for financial stability. It was the job of the deputy governor in the Bank of England to monitor those things, and what has the Chancellor now done? He has added a third deputy governor, so there are now going to be three, and that is a more complex system. He is making a political case, but I do not know whether he even understands the financial and economic case.
The Economy
Proceeding contribution from
Ed Balls
(Labour)
in the House of Commons on Wednesday, 22 June 2011.
It occurred during Opposition day on The Economy.
Type
Proceeding contribution
Reference
530 c360
Session
2010-12
Chamber / Committee
House of Commons chamber
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Timestamp
2023-12-15 16:47:41 +0000
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