Bank of England: Interest Rate Policy

Lord Rooker Excerpts

Wednesday 12th July 2023 Lords Chamber

[Baroness Penn (Con)]

The noble Lord does not reflect on the action that has been taken by this Government that has supported those who struggle most to meet the rising cost of living, with more than £90 billion of support last year and this year focused on those who need it the most, including the energy price guarantee, direct support with energy bills and cost of living payments worth hundreds of pounds to millions of families across the country.

[Lord Rooker (Lab)]

Is the Minister aware that the Select Committee has received abundant evidence that central bankers talk too much?

[Baroness Penn (Con)]

I am not aware of all the evidence that the Select Committee that the noble Lord refers to has received, but I am sure that once the Select Committee produces its report the Government will read it with interest.