BoE may have ‘too much to do’, experts warn

Secondary remits may be diverting attention from key tasks, House of Lords committee hears

Bank of England
Bank of England
Photo: Juno Snowdon Photography

UK governments have given the Bank of England secondary objectives that risk undermining its core mandates, experts told a parliamentary committee.

David Aikman, a professor at King’s College London, said “far more weight” has been placed on secondary objectives in recent years.

“It could risk diverting the bank’s attention from its primary mandates,” Aikman told the House of Lords Economic Affairs Committee. “I think that is an additional problem in this case because we do not have a very

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