Question to the HM Treasury:

To ask His Majesty's Government what contingency plans are in place to ensure UK financial stability, following the Bank of England’s warning that markets are at risk of a sharp correction tied to AI valuations and geopolitical uncertainty.

The Bank of England’s Financial Policy Committee is responsible for identifying, monitoring and taking action to remove or reduce systemic risks to the UK financial system. In the case of any disruption, the UK financial authorities have established mature coordination mechanisms to coordinate an appropriate response using the range of powers available to respond.

Alongside the UK financial regulators, HMT closely monitors markets conditions, as well as potential risks to UK financial stability.