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Tory MPs ‘filibuster’ Bank governor veto bill

The Labour MP behind a bill proposing a Treasury select committee veto over the appointment of the governor of the Bank of England has accused Conservative MPs of “filibustering” during its debate on Friday and potentially ending its chances of becoming law.

The Bank of England (Appointment of Governor) Bill was first on the list to be debated on Friday but talks concluded before a vote on whether it should go to the next Parliamentary stage. It is now fourth in the list to be debated again on July 13, though it may not be reached which would mean it has no chance of moving ahead.

Labour MP John McDonnell says Conservative MPs deliberately made lengthy speeches to force the bill down the agenda.

Several Conservatives including Stephen Hammond, Brandon Lewis and Joseph Johnson and Matthew Hancock made long speeches during the debate on the bill on Friday. SDLP MP Mark Durkhan accused them of being “greedy” with their use of time.

John McDonnell Labour MP 250

Speaking to Money Marketing, Labour MP John McDonnell says: “Yet again, a group of minor Tory MPs, organised by the Government, preferred to play puerile Parliamentary games rather than debate seriously the issue. In the coming period this appointment will be the most significant public appointment in generations and yet at the behest of their whips these lapdogs on the Tory backbenchers filibustered and talked out the bill, wasting away the chance of Parliament to have a decisive say on who is appointed.

“It is no wonder MPs and Parliament are held in such contempt by the public when they see this childing, grovelling behaviour.”

Speaking in the debate, Hancock said detailed scrutiny of the proposal is important. He said: “It matters to people that we get the management of the economy right. When it goes wrong, as it has in the past, that has a massive impact on our postbags.”

Lewis said: “It would be stage one of a drip-feed effect that changed the way in which select committees worked by changing their power from one of scrutiny to one that is linked to the executive.”

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