Question to the HM Treasury:

To ask Her Majesty’s Government whether, in the light of rising house prices, they intend to make representations to the Bank of England discouraging it from reducing interest rates.

The UK’s monetary policy framework, set out in the Bank of England Act 1998, gives operational responsibility for monetary policy to the independent Monetary Policy Committee (MPC). Decisions on the use of monetary policy tools are for the judgement of the MPC.