Bank of England governor Mark Carney introduced the notes in 2016
The
Bank of England have not yet confirmed when the old, cotton [pounds sterling]20 will be phased out.
Nick Lodge is leaving HMRC to lead a major infrastructure initiative at the
Bank of England. He is to step down from office in October after being with HMRC for six years.
"As a central bank sitting at the heart of the UK financial system, the
Bank of England needs to be playing an active, leading role, ensuring banks are helping UK companies to innovate.
The
Bank of England will continue to exchange the old PS5 notes for all time, as it would for any other Bank note which no longer has legal tender status.
Bank of England governor Mark Carney has said that a decision about a rise would "come into sharper relief around the turn of this year".
Robin Ashby, who formed the Northern Rock Small Shareholders Group in Newcastle in the wake of the crisis in 2007, said the documents "revealed the staggering ineptitude both of the
Bank of England and Gordon Brown and Ed Balls [a Brown adviser at the time], who actually cut the
Bank of England loose when they came into power".
The
Bank of England could announce measures to force lenders to do just that later this week, with caps on how many times their income borrowers can get.
In its 1950 report the
Bank of England said: "At the outbreak of war and for some time afterwards the Czech gold incident still rankled." Officials admitted: "Outside the Bank and the Government the Bank's position has probably never been thoroughly appreciated and their action at the time was widely misunderstood."
Carney will take over as Governor of the
Bank of England from 1 July 2013.