Skip to Content

Bank of England Bill.

The government has put forward plans to introduce new legislation that will give the bank more powers and enable it to push forward reforms these include a reduction in the number of monetary policy meetings, no-one likes meetings just for the sake of it, and it appears the bank are no different!

The Bill is constructed to enhance the banks strength on how it governs and to improve accountability.

At present the monetary policy committee meets once a month, this will be cut to eight meetings per year, further changes are that the financial policy makers will hold joint meetings with the monetary policy makers four times a year.

Critics have raised concerns that reducing the number of meetings will have a knock on effect in the money markets.

The changes come about following the Warsh review, and brings the bank in line with the American model and the European central bank who changed to the new system recently, the changes should also see an improvement in the speed at which the bank reports.

The bank seem to be keen for change as they plan to trial the new format from June's meeting, the move to greater transparency since the problems in 2008 can only be welcomed.

Image Description
related news
recent articles
Flying Freehold

What is a Flying Freehold and should it matter?..

link

Flying Freehold

What is a Flying Freehold and should it matter?..

Property Ownership.

Property Ownership - Tenants in Common or Joint Tenancy?
Buying a property with a friend or partner, is one of the most exciting things but, with a house purch..

Planning Law Solicitors

Planning Law Solicitors. Planning Law solicitors will undertake all aspects of Planning law...

Government to introduce New Homes Ombudsman

The government announces a New Homes Ombudsman to protect consume..

link

Buying the Freehold of a Leasehold Property

Guide to buying the Freehold of a Leasehold Property.
The logic of leasehold is hard to understand at times, that you can buy a home but not own the land it ha..

Bankruptcy Guide

Bankruptcy Guide - Understand how you become bankrupt and what happens to you..

Appointing a Solicitor

Guide to some of the factors people use when appointing a Solicitor...

Selling a house, what do I need to declare?

As part of selling a house or flat in England and Wales you must..

link

Understand Conveyancing Quotes

When you look for a conveyancing solicitor to act for you we recommend that you contact a few to compare price, obviously price is not the only factor you look..

Selling a house, what do I need to declare?

As part of selling a house or flat in England and Wales you must make sure anyone buying is aware of problems with the property...

Conveyancing | The Contracts.

Whilst most people hate the paperwork side of things it is important to go through the contract with your conveyancing solicitor...

Image Description
Is there anything wrong with this page? - any amendments will receive accreditation - email us

Solicitors.com are not a firm of solicitors, and any content on the site should not be used in substitute for obtaining Legal advice from a solicitor regulated in the UK, Solicitors.com recommends that you contact a firm of solicitors to discuss your individual legal requirement. Whilst we strive to bring you accurate up to date content, all content on this site is not legal advice and is not guaranteed to be correct. Use of this site does not create a client relationship.

Information by area of law
Back to top