Monetary Policy Committee Debate

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Department: HM Treasury

Lord Maples

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Monetary Policy Committee

Lord Maples Excerpts

Overseas Aid: Famine Relief
Wednesday 6th July 2011

(13 years, 10 months ago)

Lords Chamber
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Lord Newby Portrait Lord Newby
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My Lords—

Lord Maples Portrait Lord Maples
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My Lords—

Lord Strathclyde Portrait Lord Strathclyde
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My Lords, we have time for both noble Lords. We can have the noble Lord, Lord Newby, and then the noble Lord, Lord Maples.

Lord Sassoon Portrait Lord Sassoon
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Yes, I completely agree with my noble friend.

Lord Maples Portrait Lord Maples
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My Lords—

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Lord Desai Portrait Lord Desai
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My Lords—

Lord Maples Portrait Lord Maples
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My Lords, consumer price inflation is only one measure of inflation. May I suggest that if in the run-up to the crash the Monetary Policy Committee had been looking at asset price inflation—

Lord Strathclyde Portrait Lord Strathclyde
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My Lords, there are two noble Lords trying to speak. We are on 22 minutes and perhaps we should go on to the next Question.

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