During Andrew Bailey's appearance at the Treasury Select Committee (TSC) on 3r d February you requested that the Bank provide its view on those areas of the agreement reached on 19t h February by Heads of State or Government on 'A new settlement for the United Kingdom within the European Union' (the Settlement'), which are relevant to the Bank's ability to achieve its statutory responsibilities. You also requested the Bank's views on an effective subsidiarity mechanism and the overall cost of EU regulation. This letter is the Bank's response to these requests. It summarises the Bank's assessment of how EU membership ... (full story)