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Professor Tim Besley

Volume 450: debated on Thursday 19 October 2006

To ask the Chancellor of the Exchequer what involvement the Economic Secretary to the Treasury had in the appointment process of Professor Tim Besley to the Monetary Policy Committee of the Bank of England. (95304)

Section 13 (4) of the Bank of England Act 1998 states that members of the Monetary Policy Committee shall be appointed by the Chancellor only if he is satisfied that the person has knowledge or experience which is likely to be relevant to the Committee’s functions.