My right hon. Friend has talked about the macro-prudential powers that the Bank of England will have, beyond its monetary policy powers, to step in and help to cool down the economy. Those powers will include setting the ratio for the multiples of earnings that can be borrowed to secure a mortgage, which could have serious consequences across the country. However, those regimes have not yet been published or discussed. Can he give me an assurance that, when those macro-prudential powers are published, the House will have a debate on them?
Financial Services Bill
Proceeding contribution from
Stephen Gilbert
(Liberal Democrat)
in the House of Commons on Monday, 6 February 2012.
It occurred during Debate on bills on Financial Services Bill.
Type
Proceeding contribution
Reference
540 c53 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-15 15:24:51 +0000
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