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Bank of England (Appointment of Governor) Bill 2012-13

Type of Bill:
Private Members' Bill (Ballot Bill)
Sponsor:
John McDonnell

Progress of the Bill

Bill started in the House of Commons

  1. House of Commons
    1. 1st reading
    2. 2nd reading
    3. Committee stage
    4. Report stage
    5. 3rd reading
  2. House of Lords
    1. 1st reading
    2. 2nd reading
    3. Committee stage
    4. Report stage
    5. 3rd reading
  3. Consideration of Amendments
  4. Royal Assent

Latest Bill

House Bill Date
Commons Bill 8 2012-13 (as introduced) | PDF version, 73KB 22.06.2012

Latest news on the Bank of England (Appointment of Governor) Bill 2012-13

The Bill failed to complete its passage through Parliament before the end of the session. This means the Bill will make no further progress.

Summary of the Bank of England (Appointment of Governor) Bill 2012-13

The purpose of the Bill is to give the Treasury Select Committee, or its successor bodies, the power to consent to the appointment of the Governor of the Bank of England. The immediate stimulus for this is the substantial increase in powers that would be given to the Bank of England under the Financial Services Bill 2012-13.

The Bill would represent an enhancement of the powers of the Select Committees in the Commons, in that the Treasury Committee is given a statutory veto over appointment. The Governor of the Bank of England is a post of major importance in the UK economy. Other Select Committees hold pre-appointment hearings for other major bodies, but this does not give them a veto, nor is this right set out in statute.

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