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Bank of England (Inflation Targets) Bill
Bank of England (Inflation Targets) Bill has completed 1st reading on 22 Jun 2026 in the House of Commons. Parliament currently lists 2nd reading as its current stage.
Current position
- Latest completed stage
- 1st reading22 Jun 2026
- Current stage
- 2nd reading
- House
- House of Commons
- Bill type
- Private Members' Bill (Presentation Bill)
- Last updated
- 24 Jun 2026
- Proposer / sponsor
- Sir Christopher Chope Proposer / sponsor · Conservative · House of Commons
Parliamentary Calendar
Next scheduled stage
· House of Commons
Future parliamentary business can change at short notice.
View in Parliamentary CalendarWhat this bill is about
The Bank of England (Inflation Targets) Bill (a Private Members’ Presentation Bill) would provide penalties for the Bank of England’s Court of Directors if it fails to meet inflation targets. The bill’s long title describes an aim of holding the Court of Directors responsible for meeting those targets, using a system of penalties. The detailed mechanics of the penalties are not included in the material supplied here, so the precise effect cannot be confirmed from the available documents.
What it would do
- Set out a scheme for penalties against the Bank of England’s Court of Directors.
- Tie the potential penalties to failure to meet inflation targets.
- Specify responsibility for meeting inflation targets at the level of the Court of Directors.
Bill journey
Matched Commons vote groups are shown inside the relevant stage where the stored dates allow a match.
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1st reading 22 Jun 2026 · House of Commons
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