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Written Question
Monetary Policy
Thursday 26th May 2022

Asked by: Nick Gibb (Conservative - Bognor Regis and Littlehampton)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the (a) effectiveness of money supply figures (i) six-month real, (ii) M1, (iii) M3, (iv) M4 in determining the state of the economy and (b) potential merits of more or less monetary tightening.

Answered by John Glen

The Government continually monitors a range of economic indicators and developments to consider the impact of these on businesses and households.

Monetary policy is the responsibility of the independent Monetary Policy Committee (MPC) of the Bank of England and this includes decisions on Bank Rate and the assets held in the Asset Purchase Facility (APF). The separation of fiscal and monetary policy is a key feature of the UK’s economic framework, and essential for the effective delivery of monetary policy, so the Government does not comment on the conduct or effectiveness of monetary policy.

Written Question
Educational Testing Service
Tuesday 1st July 2014

Asked by: Nick Gibb (Conservative - Bognor Regis and Littlehampton)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what current contracts (a) his Department and (b) each of his Department's executive agencies or non-departmental public bodies hold with the Educational Testing Service or any of that organisation's subsidiaries.

Answered by Andrea Leadsom

Since January 2011, central government departments have been required to publish on Contracts Finder information on the contracts they award (www.contractsfinder.businesslink.gov.uk/). In addition, departments publish details of spend in excess of £25,000.

HM Treasury and its executive agencies and non-departmental public bodies do not hold any current contracts with the Educational Testing Service or any of that organisation's subsidiaries.

Speech in Commons Chamber - Wed 04 Sep 2013
Living Standards

"Does the shadow Chief Secretary accept Labour’s responsibility for its catastrophic stewardship of the public finances, which left this country with a budget deficit in excess of 11% of GDP?..."
Nick Gibb - View Speech

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Speech in Commons Chamber - Thu 27 Jun 2013
Investing in Britain’s Future

"I welcome the capital for the A27 Chichester bypass, for which my hon. Friend the Member for Chichester (Mr Tyrie) and I have been pressing for a number of years. I also welcome the initial agreement the Government have reached with the insurance industry based on the Flood Re proposals, …..."
Nick Gibb - View Speech

View all Nick Gibb (Con - Bognor Regis and Littlehampton) contributions to the debate on: Investing in Britain’s Future
Speech in Commons Chamber - Thu 21 Mar 2013
Budget Resolutions and Economic Situation

"This is all very amusing, but not very serious. Is the right hon. Gentleman aware that in his own constituency over the past 12 months unemployment has fallen by 2.5% and youth unemployment has fallen by 12.5%? Why is he complaining about higher borrowing and at the same time advocating …..."
Nick Gibb - View Speech

View all Nick Gibb (Con - Bognor Regis and Littlehampton) contributions to the debate on: Budget Resolutions and Economic Situation
Speech in Commons Chamber - Thu 21 Mar 2013
Budget Resolutions and Economic Situation

"It is a pleasure to follow the hon. Member for Airdrie and Shotts (Pamela Nash), but I should point out to her that unemployment in her constituency has fallen by 3.8% over the last 12 months and youth unemployment by 9.3%.

I welcome this Budget, in particular the cut in …..."
Nick Gibb - View Speech

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Speech in Commons Chamber - Tue 12 Mar 2013
Tax Fairness

"I am waiting to hear the shadow Minister mention that this Government have taken £2.2 million of the lowest earners out of tax altogether. Does Labour’s support for a mansion tax signal its return to high-tax policies, and a end to the new Labour project so admirably led by Tony …..."
Nick Gibb - View Speech

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Speech in Commons Chamber - Tue 12 Mar 2013
Tax Fairness

"rose—..."
Nick Gibb - View Speech

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Speech in Commons Chamber - Tue 12 Mar 2013
Tax Fairness

"Is the hon. Gentleman advocating that a widow with little income who is living in her matrimonial home and is confronted with a £16,000 tax bill take out an equity release scheme mortgage in order to pay it?..."
Nick Gibb - View Speech

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Speech in Commons Chamber - Tue 12 Mar 2013
Tax Fairness

"rose—..."
Nick Gibb - View Speech

View all Nick Gibb (Con - Bognor Regis and Littlehampton) contributions to the debate on: Tax Fairness