Budget 2025: Financial Policy Committee's Role Defined

UK Gov

Letter from the Chancellor of the Exchequer to the Governor of the Bank of England providing recommendations for the Financial Policy Committee (FPC).

This is the annual remit for the Financial Policy Committee (FPC) for 2025, as set by the Chancellor. The remit makes recommendations to the Committee on its responsibilities and priorities in relation to its primary financial stability objective and secondary objective to support the government's economic policy.

The FPC is required to respond to the government, setting out any action it has taken or intends to take in response to a specific recommendation and, if appropriate, any reasons why it does not intend to act on a recommendation.

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