This bill allows the Chancellor to penalise Bank of England directors if inflation exceeds their target by over 1% for more than a month, including dismissal, suspension, or financial penalties.
A Bill to make provision for penalties against the Court of Directors of the Bank of England for failure to meet inflation targets.
Status: In Progress
Current House: Commons
Stage: 1st reading
Sponsored by: Sir Christopher Chope
Introduced: 2024-10-21