🚨Our evidence session with the Debt Management Office is just about to start.
📺Watch it live here 👇
parliamentlive.tv/Event/Index/41…
We're underway.
@MelJStride says some have said the Bank of England has been facilitating the Government's ability to borrow. Is this one step away from monetary financing?
Robert Stheeman, chief executive of the Debt Management Office, says that he doesn't agree with that.
.@FelicityBuchan asks Robert Stheeman if he is concerned about the slowing pace of quantitative easing.
Stheeman says no as his concern is about the smooth functioning of the market, which is stable and functioning well.
.@SteveBakerHW asks whether the Bank of England is a big player in the bond market capable of causing herding.
Robert Stheeman said that the Bank, because of the size of its QE programme, inevitably will have an impact - people will watch carefully what they're doing.
.@ab4scambs asks if the witnesses can see a reason to have #coronavirus bonds to help fund the national debt.
Robert Stheeman said "it could indeed be a product that might potentially appeal".
.@angelaeagle asks how much lower the UKs credit rating has to go before you start to worry?
Robert Stheeman said that any decline does not feel welcome, but the importance of credit ratings has declined as they are lagging rather than leading indicators.
.@Siobhain_Mc asks why the #GenderPayGap at the Debt Management Office increased from 13.5% in 2017-18 to 22% in 2019?
COO Jim Juffs said that the small size of the organisation can "play havoc" with its data, and that it's not been able to encourage women to work at the DMO.
And that's it! Thanks to all three of our witnesses from the Debt Management Office for providing evidence today.
📺You can watch the evidence session back here 👇
parliamentlive.tv/Event/Index/41…
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