Bank of England Bill: second reading
8 May 2009 (updated on 22 April 2010)
Lord Saatchi introduced a debate in the Lords on a Private Members' Bill that amends the objectives of the Bank of England in relation to monetary policy.
Members of the Lords discussed the general principles and aims of the Bill during second reading.
- Lords Hansard: Bank of England (Amendment) Bill
- Bills before Parliament: Bank of England (Amendment) Bill
- About Parliament: Private Members' Bills
- Companion to the Standing Orders in the House of Lords: Second reading
- Briefing: Bills and how they become law (PDF)
Private Members' Bills can be introduced in the Lords by any Member who would like to change a law. There is no ballot in the Lords. To become law a Private Members' Bill must go through the same stages as a Government Bill.
Line by line examination of the Bill takes place during committee stage - a date for which is still to be scheduled.