Bank of England (Inflation Targets) Bill

What the bill does

A Bill to make provision for penalties against the Court of Directors of the Bank of England for failure to meet inflation targets.

Progress through Parliament

What 2nd reading means, and what happens next

Second reading is the first full debate on the principle of the bill. The House votes on whether it should proceed at all.

If it passes, the bill goes to committee stage, where it is examined line by line and amendments are considered.

Read the full guide to this stage: What happens at second reading of a bill

Questions about the Bank of England (Inflation Targets) Bill

What stage is the Bank of England (Inflation Targets) Bill at?

The Bank of England (Inflation Targets) Bill is currently at 2nd reading in the UK Parliament.

Has the Bank of England (Inflation Targets) Bill become law?

Not yet. A bill becomes law only when it has passed both Houses and received Royal Assent. The Bank of England (Inflation Targets) Bill is currently at 2nd reading.

What happens next to the Bank of England (Inflation Targets) Bill?

If it passes, the bill goes to committee stage, where it is examined line by line and amendments are considered.

Who sponsored the Bank of England (Inflation Targets) Bill?

The Bank of England (Inflation Targets) Bill was sponsored by Sir Christopher Chope.

When was the Bank of England (Inflation Targets) Bill introduced?

It was introduced to Parliament on 21 October 2024, at first reading.

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