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Written Question
Climate Change: Finance
Tuesday 23rd April 2024

Asked by: Clive Lewis (Labour - Norwich South)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether his Department has had discussions with the Bank of England on incorporating the impact of climate change in inflation modelling.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

The Treasury meet with the Bank of England regularly to discuss their assessment of the economy, inflation and the impact of shocks and structural trends, including climate change.

The Office for Budget Responsibility (OBR) is the government’s official forecaster. They published their latest assessment of the economic and fiscal outlook (EFO) which includes inflation on 6th March. The Fiscal risks and sustainability report, published in July 2023, included discussion of the long-term impact of climate change on the fiscal position.

The Bank of England has operational independence over monetary policy and publishes its own forecasts, including for inflation, in its quarterly Monetary Policy Report.

Division Vote (Commons)
17 Apr 2024 - Safety of Rwanda (Asylum and Immigration) Bill - View Vote Context
Clive Lewis (Lab) voted No - in line with the party majority and against the House
One of 173 Labour No votes vs 0 Labour Aye votes
Vote Tally: Ayes - 302 Noes - 244
Division Vote (Commons)
17 Apr 2024 - Safety of Rwanda (Asylum and Immigration) Bill - View Vote Context
Clive Lewis (Lab) voted No - in line with the party majority and against the House
One of 171 Labour No votes vs 0 Labour Aye votes
Vote Tally: Ayes - 310 Noes - 240
Division Vote (Commons)
17 Apr 2024 - Safety of Rwanda (Asylum and Immigration) Bill - View Vote Context
Clive Lewis (Lab) voted No - in line with the party majority and against the House
One of 172 Labour No votes vs 0 Labour Aye votes
Vote Tally: Ayes - 306 Noes - 240
Division Vote (Commons)
17 Apr 2024 - Safety of Rwanda (Asylum and Immigration) Bill - View Vote Context
Clive Lewis (Lab) voted No - in line with the party majority and against the House
One of 173 Labour No votes vs 0 Labour Aye votes
Vote Tally: Ayes - 306 Noes - 240
Division Vote (Commons)
16 Apr 2024 - Tobacco and Vapes Bill - View Vote Context
Clive Lewis (Lab) voted Aye - in line with the party majority and in line with the House
One of 161 Labour Aye votes vs 0 Labour No votes
Vote Tally: Ayes - 383 Noes - 67
MP Financial Interest
Clive Lewis (Labour - Norwich South)
Original Source (15th April 2024)
1. Employment and earnings
Role, work or services: Writing an article
Payer: Guardian News & Media Limited, PO Box 68164, Kings Place, 90 York Way, London N1P 2AP
MP Financial Interest
Clive Lewis (Labour - Norwich South)
Original Source (15th April 2024)
1. Employment and earnings
Payment: £323.42 for an article published on 14 April 2023 in the Guardian.
Received on: 25 May 2023. Hours: 1.5 hrs.
(Registered 25 May 2023)
MP Financial Interest
Clive Lewis (Labour - Norwich South)
Original Source (15th April 2024)
1. Employment and earnings
Role, work or services: Recording podcast episodes
Payer: Persephonica Ltd, DS House, 306 High Street, Croydon CR0 1NG
MP Financial Interest
Clive Lewis (Labour - Norwich South)
Original Source (15th April 2024)
3. Gifts, benefits and hospitality from UK sources
Name of donor: Glastonbury Festivals Ltd / Glastonbury Festival Speakers Forum
Address of donor: Worthy Farm, Pilton, Shepton Mallet BA4 4BY
Amount of donation or nature and value if donation in kind: One ticket for Glastonbury 2023, for taking part in a political debate on the Green Futures Field Stage, value £340
Date received: 22 June 2023 to 25 June 2023
Date accepted: 22 June 2023
Donor status: company, registration 02737866
(Registered 27 June 2023)