Jonathan Edwards
Main Page: Jonathan Edwards (Independent - Carmarthen East and Dinefwr)Department Debates - View all Jonathan Edwards's debates with the HM Treasury
Financial Services Regulation
Jonathan Edwards Excerpts(14 years, 5 months ago)
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Mr Osborne
My hon. Friend makes a very good point that we must get the European regulation right, and the United Kingdom has a particular role as the location of most of the wholesale financial services in Europe. We therefore bring some insights to the table, which not all other members of the European Union can do. I am clear that we must do that. It will be under discussion at the European Council later this week and, I suspect, in pretty much every ECOFIN meeting for the rest of the year.
Jonathan Edwards (Carmarthen East and Dinefwr) (PC)
As a part of these reforms, will the Bank of England consider unemployment when determining interest rates?
Mr Osborne
The Bank of England has an inflation target, and I am not proposing to change the inflation-targeting regime.