Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Douglas Carswell Excerpts
Tuesday 11th March 2014

(10 years, 7 months ago)

Commons Chamber
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Sajid Javid Portrait Sajid Javid
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No, I do not agree with the hon. Gentleman. I think the MPC is constituted in the right way. He knows that monetary policy is not a devolved responsibility, and there are no plans to change that.

Douglas Carswell Portrait Mr Douglas Carswell (Clacton) (Con)
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As well as ensuring more diversity in terms of gender, will my hon. Friend ensure more diversity of opinion and outlook in the membership of the MPC? Specifically, may we have a few free market economists who recognise that cheap credit is a consequence of economic success, not necessarily a cause of it?

Sajid Javid Portrait Sajid Javid
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I like the contribution my hon. Friend makes to Parliament so I hope that he is not applying to join the MPC. I agree, however, that when appointments are made on merit, diversity is important.