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Yesterday, the Treasury Select Committee had the opportunity to question Megan Greene, a new appointee to the Bank of England's Monetary Policy Committee. I questioned Ms Greene on her thoughts on 'greedflation', falling real terms wages, and the cost of living crisis. Watch below: | Angela Eagle
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At the Treasury Select Committee this morning, I raised the success of our Mitcham banking hub campaign with the head of the Financial Conduct Authority. The FCA was extremely kind about the campaign (even calling it legendary!!) and confirmed that MPs can and should challenge assessments that don’t reflect what’s really happening on the ground. When our last bank closed, we were told that having a cashpoint nearby was enough. Anyone who lives or runs a business locally knew that wasn’t true. So
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ANALYSIS OF THE TREASURY SELECT COMMITTEE EXCHANGE 1️⃣ Rachel Reeves claimed she has NOT breached manifesto commitments. She insisted that freezing personal allowances for a further three years does not count as raising taxes on working people. This is simply untrue. Freezing thresholds is a stealth tax — the OBR calls it “fiscal drag”, and it raises billions by pulling workers into higher tax brackets even when wages only rise with inflation. Labour’s manifesto promised: “We will not raise taxe
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