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Written Question
Monetary Policy
Thursday 26th May 2022

Asked by: Nick Gibb (Conservative - Bognor Regis and Littlehampton)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the (a) effectiveness of money supply figures (i) six-month real, (ii) M1, (iii) M3, (iv) M4 in determining the state of the economy and (b) potential merits of more or less monetary tightening.

Answered by John Glen - Paymaster General and Minister for the Cabinet Office

The Government continually monitors a range of economic indicators and developments to consider the impact of these on businesses and households.

Monetary policy is the responsibility of the independent Monetary Policy Committee (MPC) of the Bank of England and this includes decisions on Bank Rate and the assets held in the Asset Purchase Facility (APF). The separation of fiscal and monetary policy is a key feature of the UK’s economic framework, and essential for the effective delivery of monetary policy, so the Government does not comment on the conduct or effectiveness of monetary policy.


Written Question
Educational Testing Service
Tuesday 1st July 2014

Asked by: Nick Gibb (Conservative - Bognor Regis and Littlehampton)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what current contracts (a) his Department and (b) each of his Department's executive agencies or non-departmental public bodies hold with the Educational Testing Service or any of that organisation's subsidiaries.

Answered by Andrea Leadsom - Parliamentary Under-Secretary (Department of Health and Social Care)

Since January 2011, central government departments have been required to publish on Contracts Finder information on the contracts they award (www.contractsfinder.businesslink.gov.uk/). In addition, departments publish details of spend in excess of £25,000.

HM Treasury and its executive agencies and non-departmental public bodies do not hold any current contracts with the Educational Testing Service or any of that organisation's subsidiaries.