18885
2000-01
565
New Targets For The Bank Of England
Austin Mitchell
2001-04-09
That this House is concerned at the excessive caution of the Bank of England's Monetary Policy Committee, which has kept interest rates higher than required by a rate of inflation which has consistently undershot its 2.5 per cent. target, thus keeping the exchange rate too high for British competitiveness, leading to serious damage to manufacturing and the loss of nearly half a million jobs, as well as a failure to grasp the opportunities for fast growth which are available now inflation is no longer either a serious or the main problem facing the economy; and calls on government to replace the outdated and singular inflation target with a similar spread of policy objectives to those taken into account by the Federal Reserve including growth, unemployment, and the health of the economy but to require as the Bank's prime target maintaining a competitive exchange rate which will ensure that British production can compete successfully and that this country provides a profitable base in which to produce and from which to export.
Austin Mitchell
2001-04-09
Proposed
Great Grimsby
Labour
Jeremy Corbyn
2001-04-10
Signed
Islington North
Labour
Terry Davis
2001-04-10
Signed
Birmingham, Hodge Hill
Labour
Norman Godman
2001-04-10
Signed
Greenock & Inverclyde
Labour
David Taylor
2001-04-10
Signed
North West Leicestershire
Labour Co-operative
Simon Thomas
2001-04-10
Signed
Ceredigion
Plaid Cymru
Rudi Vis
2001-04-23
Signed
Finchley & Golders Green
Labour
Ian Davidson
2001-04-23
Signed
Glasgow, Pollok
Labour Co-operative
Lawrence Cunliffe
2001-04-23
Signed
Leigh
Labour
Ronnie Campbell
2001-04-23
Signed
Blyth Valley
Labour
Alice Mahon
2001-04-23
Signed
Halifax
Labour
Lynne Jones
2001-04-23
Signed
Birmingham, Selly Oak
Labour
Alan Simpson
2001-04-24
Signed
Nottingham South
Labour
Michael Clapham
2001-04-24
Signed
Barnsley West & Penistone
Labour
Joe Ashton
2001-04-24
Signed
Bassetlaw
Labour
Desmond Turner
2001-04-24
Signed
Brighton, Kemptown
Labour
Kelvin Hopkins
2001-04-25
Signed
Luton North
Labour
Richard Livsey
2001-04-25
Signed
Brecon & Radnorshire
Liberal Democrat
Harold Best
2001-04-25
Signed
Leeds North West
Labour
Robert Wareing
2001-04-25
Signed
Liverpool, West Derby
Labour
Elfyn Llwyd
2001-04-26
Signed
Meirionnydd Nant Conwy
Plaid Cymru
Ann Cryer
2001-05-01
Signed
Keighley
Labour
John Austin
2001-05-03
Signed
Erith & Thamesmead
Labour