Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect on the UK economy of the use of helicopter funds by the European Central Bank.

HM Treasury monitor the impact of developments in the global economy, including those in the Euro Area, on an ongoing basis.

To date, the European Central Bank have not implemented “Helicopter Money”. The ECB President noted on March 10 that the ECB “hadn’t really studied the concept”.