Why are new banknotes made of polymer?
Our new banknotes are made of polymer because it is cleaner, safer and stronger than paper.
Our new banknotes are made of polymer because it is cleaner, safer and stronger than paper.
We make an appearance in literature as a setting, an institution and even a character in itself.
Climate change poses risks for the stability of the financial system, particularly for the insurance and banking sectors.
While we often think of economic growth as good news, it can also happen too rapidly.
There is more work to be done, but the global financial system is safe, simpler and fairer today than it was a decade ago.
The interest rate on your mortgage is usually much higher than Bank Rate.
We have specific legal responsibilities for setting policy – for interest rates, for financial stability, and for the regulation of banks and insurance companies.
In the past you could exchange banknotes for gold. Today the value of money comes from trust.
UK drivers spend 127 hours stuck in traffic each year.
Some people think the Bank of England is owned by private families, the Royal Family, or even run as a private corporation… but this is untrue. So who are we owned by?