Bim Afolami
Main Page: Bim Afolami (Conservative - Hitchin and Harpenden)Department Debates - View all Bim Afolami's debates with the HM Treasury
(1 year, 10 months ago)
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John Glen
No, I do not. I accept that that was a challenging period for economies everywhere. There was a period of adjustment, and the Government will be working in a co-ordinated fashion to remove any frictions and to ease the passage of trade, particularly for smaller businesses.
Bim Afolami (Hitchin and Harpenden) (Con)
Much of the discussion in the House today has been about the fiscal aspects of inflation, but a huge part of the rise in inflation in this country and across the western world is the monetary system, in particular quantitative easing, which has continued long beyond the financial crisis, when it was put in place. We all know the Bank of England is independent in setting interest rates, but what is the Treasury’s view on working with the Bank of England to bring down inflation, bearing in mind the significant impact that quantitative easing has had on that? Will the Minister say a bit more about that?