Question to the HM Treasury:

To ask Her Majesty's Government what assessment they have made of the impact of current interest rates on asset prices, the value of sterling, and business investment.

The Monetary Policy Committee independently sets monetary policy, including interest rates, to achieve the objective of price stability, currently defined as an inflation target of 2 per cent. The government does not express a view on the level of the exchange rate. The value of sterling adjusts flexibly in response to economic conditions and market forces.

The government will continue to monitor economic developments closely, while at the same time taking steps to promote economic growth and support individuals and businesses.