David Reed MP: written questions
4 Jul 2026–16 Oct 2026 · year in progress
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Read what this MP said, asked and contributed in Parliament.
32 published records · newest first.
Written questions
Gold and Foreign Exchange ReservesTreasuryTabled 2 Sept 2026AnsweredUIN 26842More
Question: To ask the Chancellor of the Exchequer, what assessment her Department has made of the UK’s exposure to US-dollar-denominated assets within the official reserves.
Answer: The government does not comment on market movements. Assets in the Exchange Equalisation Account (EEA) are held to meet the EEA’s core policy objectives as defined in the EEA Act 1979. All EEA investment decisions, including the currency and asset composi...
Answered 10 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 2 Sept 2026AnsweredUIN 26841More
Question: To ask the Chancellor of the Exchequer, what proportion of the UK’s foreign-currency reserve assets is invested in securities issued or guaranteed by foreign governments.
Answer: The government does not comment on market movements. Assets in the Exchange Equalisation Account (EEA) are held to meet the EEA’s core policy objectives as defined in the EEA Act 1979. All EEA investment decisions, including the currency and asset composi...
Answered 10 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 2 Sept 2026AnsweredUIN 26840More
Question: To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential role of gold in reducing currency concentration risk within the UK’s official reserves.
Answer: The government does not comment on market movements. Assets in the Exchange Equalisation Account (EEA) are held to meet the EEA’s core policy objectives as defined in the EEA Act 1979. All EEA investment decisions, including the currency and asset composi...
Answered 10 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 2 Sept 2026AnsweredUIN 26839More
Question: To ask the Chancellor of the Exchequer, what proportion of the UK’s official reserve assets carries (a) sovereign, (b) financial institution and (c) other counterparty credit exposure.
Answer: The government does not comment on market movements. Assets in the Exchange Equalisation Account (EEA) are held to meet the EEA’s core policy objectives as defined in the EEA Act 1979. All EEA investment decisions, including the currency and asset composi...
Answered 10 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 2 Sept 2026AnsweredUIN 26838More
Question: To ask the Chancellor of the Exchequer, whether his department has established a target range for the proportion of official reserves held in assets without counterparty credit risk.
Answer: The government does not comment on market movements. Assets in the Exchange Equalisation Account (EEA) are held to meet the EEA’s core policy objectives as defined in the EEA Act 1979. All EEA investment decisions, including the currency and asset composi...
Answered 10 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 2 Sept 2026AnsweredUIN 26837More
Question: To ask the Chancellor of the Exchequer, what assessment his department has made of changes in the share of global foreign-exchange reserves accounted for by the US dollar when determining the asset allocation of the Exchange Equalisation Account.
Answer: The government does not comment on market movements. Assets in the Exchange Equalisation Account (EEA) are held to meet the EEA’s core policy objectives as defined in the EEA Act 1979. All EEA investment decisions, including the currency and asset composi...
Answered 10 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 2 Sept 2026AnsweredUIN 26836More
Question: To ask the Chancellor of the Exchequer, what assessment his department has made of the effect on the Exchange Equalisation Account of a (a) 10 per cent, (b) 20 per cent and (c) 30 per cent depreciation of the US dollar against sterling.
Answer: The government does not comment on market movements. Assets in the Exchange Equalisation Account (EEA) are held to meet the EEA’s core policy objectives as defined in the EEA Act 1979. All EEA investment decisions, including the currency and asset composi...
Answered 10 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 2 Sept 2026AnsweredUIN 26835More
Question: To ask the Chancellor of the Exchequer, what limits his department places on the maximum proportion of the UK’s official reserves that may be exposed to any single foreign currency.
Answer: The government does not comment on market movements. Assets in the Exchange Equalisation Account (EEA) are held to meet the EEA’s core policy objectives as defined in the EEA Act 1979. All EEA investment decisions, including the currency and asset composi...
Answered 10 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 2 Sept 2026AnsweredUIN 26834More
Question: To ask the Chancellor of the Exchequer, what comparative assessment his Department has made of the proportion of official reserves held in gold by (a) the United Kingdom, (b) France, (c) Germany, (d) Italy, (e) Poland, (f) the United States and (g) other
Answer: The government does not comment on market movements. Assets in the Exchange Equalisation Account (EEA) are held to meet the EEA’s core policy objectives as defined in the EEA Act 1979. All EEA investment decisions, including the currency and asset composi...
Answered 10 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 2 Sept 2026AnsweredUIN 26833More
Question: To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential impact of levels of gold purchases by overseas central banks since 2022 on UK reserve-management policy.
Answer: The government does not comment on market movements. Assets in the Exchange Equalisation Account (EEA) are held to meet the EEA’s core policy objectives as defined in the EEA Act 1979. All EEA investment decisions, including the currency and asset composi...
Answered 10 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 1 Sept 2026AnsweredUIN 26444More
Question: To ask the Chancellor of the Exchequer, what assessment his Department has made of the adequacy of the United Kingdom’s official gold reserves in the context of changes in the level of gold reserves held by other central banks since 2022.
Answer: The Exchange Equalisation Account (EEA) has held 9.98 million ounces of gold since March 2002. The Government has no plans to permanently change the stock of gold it holds. HM Treasury and the Bank of England agree the strategic asset allocation of EEA an...
Answered 8 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 1 Sept 2026AnsweredUIN 26443More
Question: To ask the Chancellor of the Exchequer, what assessment his department has made of the counterparty-risk characteristics of monetary gold compared with foreign-currency securities held within the UK’s official reserves.
Answer: The Exchange Equalisation Account (EEA) has held 9.98 million ounces of gold since March 2002. The Government has no plans to permanently change the stock of gold it holds. HM Treasury and the Bank of England agree the strategic asset allocation of EEA an...
Answered 8 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 1 Sept 2026AnsweredUIN 26442More
Question: To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential role of monetary gold in improving the resilience of the UK’s official reserves during periods of (a) financial market stress, (b) geopolitical conflict, (c)
Answer: The Exchange Equalisation Account (EEA) has held 9.98 million ounces of gold since March 2002. The Government has no plans to permanently change the stock of gold it holds. HM Treasury and the Bank of England agree the strategic asset allocation of EEA an...
Answered 8 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 1 Sept 2026AnsweredUIN 26441More
Question: To ask the Chancellor of the Exchequer, whether his department has assessed the implications for UK reserve management of foreign sovereign assets having been frozen or otherwise restricted as a consequence of international sanctions since 2022.
Answer: The Government does not comment on market movements. The UK’s official reserves are held in the Exchange Equalisation Account (EEA) and managed to ensure that the policy objectives set out in the EEA Act 1979 can be met at all times.HM Treasury and the Ba...
Answered 8 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 1 Sept 2026AnsweredUIN 26440More
Question: To ask the Chancellor of the Exchequer, what stress tests his department applies to the Exchange Equalisation Account in respect of movements in (a) the US dollar, (b) the euro, (c) the yen, (d) interest rates and (e) the gold price.
Answer: The Government does not comment on market movements. The UK’s official reserves are held in the Exchange Equalisation Account (EEA) and managed to ensure that the policy objectives set out in the EEA Act 1979 can be met at all times.HM Treasury and the Ba...
Answered 8 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 1 Sept 2026AnsweredUIN 26439More
Question: To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential impact of a sustained depreciation in the US dollar on the value and resilience of the UK’s official reserves.
Answer: The Government does not comment on market movements. The UK’s official reserves are held in the Exchange Equalisation Account (EEA) and managed to ensure that the policy objectives set out in the EEA Act 1979 can be met at all times.HM Treasury and the Ba...
Answered 8 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 1 Sept 2026AnsweredUIN 26438More
Question: To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential impact of fragmentation of the international financial system on the appropriate composition of the UK’s official reserves.
Answer: The Government does not comment on market movements. The UK’s official reserves are held in the Exchange Equalisation Account (EEA) and managed to ensure that the policy objectives set out in the EEA Act 1979 can be met at all times.HM Treasury and the Ba...
Answered 8 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 1 Sept 2026AnsweredUIN 26437More
Question: To ask the Chancellor of the Exchequer, whether geopolitical risk is explicitly considered when determining the strategic asset allocation of the Exchange Equalisation Account.
Answer: The Government does not comment on market movements. The UK’s official reserves are held in the Exchange Equalisation Account (EEA) and managed to ensure that the policy objectives set out in the EEA Act 1979 can be met at all times.HM Treasury and the Ba...
Answered 8 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 1 Sept 2026AnsweredUIN 26436More
Question: To ask the Chancellor of the Exchequer, what criteria does the Department use in considering whether an increase in the quantity of monetary gold held in the Exchange Equalisation Account is appropriate.
Answer: The Exchange Equalisation Account (EEA) has held 9.98 million ounces of gold since March 2002. The Government has no plans to permanently change the stock of gold it holds. HM Treasury and the Bank of England agree the strategic asset allocation of EEA an...
Answered 8 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 1 Sept 2026AnsweredUIN 26435More
Question: To ask the Chancellor of the Exchequer, whether his Department has considered reducing the proportion of the official reserves invested in foreign sovereign debt and increasing the proportion held in monetary gold.
Answer: The Government does not comment on market movements. The UK’s official reserves are held in the Exchange Equalisation Account (EEA) and managed to ensure that the policy objectives set out in the EEA Act 1979 can be met at all times.HM Treasury and the Ba...
Answered 8 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 1 Sept 2026AnsweredUIN 26434More
Question: To ask the Chancellor of the Exchequer, what assessment his department has made of the potential benefits and costs of holding an increased proportion of official reserves in assets that do not constitute liabilities of another sovereign state or financia
Answer: The Government does not comment on market movements. The UK’s official reserves are held in the Exchange Equalisation Account (EEA) and managed to ensure that the policy objectives set out in the EEA Act 1979 can be met at all times.HM Treasury and the Ba...
Answered 8 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 1 Sept 2026AnsweredUIN 26433More
Question: To ask the Chancellor of the Exchequer, whether the Bank of England has provided advice to his department since 1 January 2022 on the appropriate level of gold held in the UK’s official reserves.
Answer: The Exchange Equalisation Account (EEA) has held 9.98 million ounces of gold since March 2002. The Government has no plans to permanently change the stock of gold it holds. HM Treasury and the Bank of England agree the strategic asset allocation of EEA an...
Answered 8 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 1 Sept 2026AnsweredUIN 26432More
Question: To ask the Chancellor of the Exchequer, whether his department has considered proposals since 1 January 2022 to increase the quantity or proportion of gold held in the UK’s official reserves.
Answer: The Exchange Equalisation Account (EEA) has held 9.98 million ounces of gold since March 2002. The Government has no plans to permanently change the stock of gold it holds. HM Treasury and the Bank of England agree the strategic asset allocation of EEA an...
Answered 8 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 1 Sept 2026AnsweredUIN 26431More
Question: To ask the Chancellor of the Exchequer, whether his department has modelled the a) financial and b) strategic implications of increasing UK official gold holdings to (i) 500 tonnes, (ii) 750 tonnes, (iii) 1,000 tonnes and (iiii) 1,500 tonnes.
Answer: The Exchange Equalisation Account (EEA) has held 9.98 million ounces of gold since March 2002. The Government has no plans to permanently change the stock of gold it holds. HM Treasury and the Bank of England agree the strategic asset allocation of EEA an...
Answered 8 Sept 2026
Original Parliament recordGold and Foreign Exchange ReservesTreasuryTabled 1 Sept 2026AnsweredUIN 26430More
Question: To ask the Chancellor of the Exchequer, when his department last conducted a review of the appropriate proportion of the UK’s official international reserves to be held in gold; and whether he will publish the conclusions of that review.
Answer: The Exchange Equalisation Account (EEA) has held 9.98 million ounces of gold since March 2002. The Government has no plans to permanently change the stock of gold it holds. HM Treasury and the Bank of England agree the strategic asset allocation of EEA an...
Answered 8 Sept 2026
Original Parliament record
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4 Jul 2026–16 Oct 2026. One record per UIN and tabled date; the named department is not a measure of answer quality.
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