John Redwood
Main Page: John Redwood (Conservative - Wokingham)Department Debates - View all John Redwood's debates with the Leader of the House
(2 years, 6 months ago)
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Mark Spencer
I thank the hon. Gentleman, and I again congratulate him on the work his Committee does. I think the Grenfell debate will be a great opportunity to remember what was a terrible and tragic event. I know he will continue to bring such matters to the House, and I congratulate him on his work.
John Redwood (Wokingham) (Con)
In November 2020, the Chancellor of the Exchequer approved the creation of another £150 billion of new money by the Bank of England and extended the guarantee against losses on all the bonds the Bank holds, making it a Treasury liability. Can we have an early statement or debate in Government time on how that has worked out, what impact it had on inflation and what impact it might have on the public finances?
Mark Spencer
I can deliver for my right hon. Friend: the Chancellor of the Exchequer will be at this Dispatch Box straight after me, and my right hon. Friend will have an opportunity to challenge the Chancellor of the Exchequer directly himself.