Bank of England

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Bank of England

established in 1694, the Bank of England is the central bank of the UK. It was nationalized by the Bank of England Act 1946 and acts as the competent authority for the banking sector under regulatory powers conferred by the Banking Act 1987. It now sets interest rates independent of government and in this respect resembles a central bank.
Collins Dictionary of Law © W.J. Stewart, 2006
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The Bank of England is moving to polymer notes because they are harder wearing than the existing cotton-paper versions and can include a whole raft of new security measures to prevent counterfeiting.
The Board would include the Chancellor, Secretary of State for Business and the Governor of the Bank of England, and it would co-ordinate the promotion of investment, employment and higher wages.
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.
Among all the risks to the U.K.'s economy, splitting from the EU ranks as "the most significant," the Bank of England's monetary policymaking committee reported.
"This is a key message that the Bank of England has been looking to get across and for businesses and consumers to take on board.
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 survey found business demand for loans rose for a second straight quarter, with lenders saying firms wanted loans to fund mergers and acquisitions and for investment in property.
THE Bank of England helped to sell off stolen Nazi gold after the 1939 invasion of Czechoslovakia.
Mark Carney, currently serving as Governor of the Bank of Canada, having taken up his office on 1 February 2008, has been named successor to Sir Mervyn King as Governor of the Bank of England, the UK central bank.
Summary: LONDON -- Inflation in Britain fell sharply in December, official figures showed Tuesday, laying the ground for more monetary stimulus from the Bank of England.
Sir Mervyn's tenure at the helm of the Bank of England has coincided with the worst economic crisis since the Depression of the 1930s.