How is the Bank of England independent of the Government?
We have specific legal responsibilities for setting policy – for interest rates, for financial stability, and for the regulation of banks and insurance companies.
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?