Bank of England (Inflation Targets) Bill

This bill would change how the Bank of England sets and manages its inflation target. Currently, the Bank has flexibility to pursue a 2% inflation target as it sees fit. The bill would likely introduce new legislative requirements around how inflation targets are determined, potentially removing some of the Bank's operational independence or requiring Parliament to have a greater role in setting monetary policy objectives. The specific changes would depend on the bill's detailed provisions, but it represents a shift in the balance of power between Parliament and the Bank of England over inflation management.