Exchange Control
(asked on 10th October 2016) - View Source
Question to the HM Treasury:
To ask Her Majesty’s Government whether they have any plans to reintroduce exchange controls following Brexit.
This question was answered on 18th October 2016
The UK has an inflation target, not an exchange rate target, and Her Majesty’s Government does not express a view on the level of exchange rates. Instead, the exchange rate is allowed to adjust flexibly in response to economic conditions and movements in sterling are determined by market forces.
This framework means we do not need to introduce exchange rate controls.