UK Lawmakers Debate Bank of England's Expanding Mandate and Oversight

UK parliamentarians are discussing the adequacy of current oversight mechanisms for the Bank of England, given its broadened responsibilities beyond monetary policy. The debate includes scrutiny of its 2% inflation target, new roles in climate risk, energy, and AI, and concerns over £130 billion in taxpayer exposure from quantitative easing. Additionally, plans to dissolve its Independent Evaluation Office are drawing criticism.