Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, whether he is taking steps to ensure that the liquidity introduced into long-term credit markets by Bank of England quantitative easing is disbursed to the real economy.

Monetary policy, including quantitative easing, is the responsibility of the independent Monetary Policy Committee of the Bank of England, which has the primary objective, set out in law, of maintaining price stability, the value of money relative to the goods and services it is used to purchase.