Bank of England Debate

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Department: HM Treasury

Bank of England

Bill Esterson Excerpts
Monday 26th November 2012

(11 years, 11 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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The Canadian economy did better than any other major western economy in weathering the financial crisis. Its public finances were in better shape, its banks were better regulated and the Bank of Canada was able to take Canada through this period in a way that in Britain and in many other western economies we wish we could have emulated.

Bill Esterson Portrait Bill Esterson (Sefton Central) (Lab)
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When the Chancellor speaks to the new Governor, will he discuss the Engineering Employers Federation’s comments that further austerity will not help the British economy because it is too weak and that the policy should be for growth and not cuts?