Treasury Select Committee Hearing – The economic and financial costs and benefits of UK’s EU membership: Mark Carney and Jon Cunliffe

The Bank of England's Governor Mark Carney, and colleagues, gave evidence to the House of Common's Treasury Select Committee's Hearing on the The economic and financial costs and benefits of UK's EU membership' on the 8 March 2016.

The Governor also submitted a letter to the Committee which summarised the Bank's assessment of how EU membership affected the Bank of England's ability to achieve its statutory objectives, which is contained in its autumn 2015 report on 'EU membership and the Bank of England'. The letter also considered how the Settlement agreed by the David Cameron at the European Council in February 2016 might influence this. An Annex to the letter included the Bank's view on an effective subsidiarity mechanism and a further Annex contained material from the Bank's Report which is relevant to the question of the overall cost of EU regulation.

• Primary Source

ESO: Background information: EU membership and the Bank of England http://www.europeansources.info/record/eu-membership-and-the-bank-of-england/

The Guardian, 08.03.16: Bank of England in row as governor denies pro-EU bias http://www.theguardian.com/business/2016/mar/08/mark-carney-bank-of-england-brussels-eu-deal-supports-financial-stability

ESO: In Focus: Brexit - The United Kingdom and the European Union http://www.europeansources.info/record/brexit-the-united-kingdom-and-the-european-union/

Politico, 09.03.16: Carney says he’s neutral on Brexit after praising Cameron’s EU deal in writing http://www.politico.eu/article/mark-carney-says-boe-is-neutral-on-brexit-but-his-letter-praises-camerons-eu-deal-bank-of-england-eu-referendum-date-june-23/

BBC News, 08.03.16: Mark Carney: EU exit is 'biggest domestic risk' http://www.bbc.com/news/business-35751919

EurActiv, 29.03.16: Bank of England issues new Brexit warning http://www.euractiv.com/section/uk-europe/news/bank-of-england-issues-new-brexit-warning/

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