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Bank of England

Central bank of the United Kingdom

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Bank of England: Central bank of the United Kingdom
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government of the United Kingdom, it is the world's eighth-oldest bank. It was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by the Attlee ministry.

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Covid update: Virus on banknotes; 4th vaccine claims 90% efficacy; PM on cost [Video]

Covid update: Virus on banknotes; 4th vaccine claims 90% efficacy; PM on cost

From a study on whether currency notes can be potent carriers of the virus, to Prime Minister Narendra Modi's meeting with chief ministers to discuss a vaccine distribution plan - here are the top news..

Credit: HT Digital Content     Duration: 03:05Published
Bank of England governor: No-deal Brexit likely to have longer-term effects than Covid-19 [Video]

Bank of England governor: No-deal Brexit likely to have longer-term effects than Covid-19

Governor of the Bank of England Andrew Bailey speaks to the House of CommonsTreasury Committee about the financial and monetary forecasts for the UKeconomy in the wake of Covid-19 and the looming..

Credit: PA - Press Association STUDIO     Duration: 00:55Published
Bailey: Any trade agreement will need adjustment [Video]

Bailey: Any trade agreement will need adjustment

Governor of the Bank of England, Andrew Bailey has said the UK and EU need “a spirit of goodwill” as any Brexit trade agreement will need room for adjustments. Report by Browna. Like us on Facebook..

Credit: ODN     Duration: 00:49Published
Bailey: We’re likely to be “10 or 11%” below last year [Video]

Bailey: We’re likely to be “10 or 11%” below last year

Governor of the Bank of England, Andrew Bailey has said despite the "rapid recovery" we saw in the summer, the UK economy is likely to end the year "10 to 11%" below where it was last year. Report by..

Credit: ODN     Duration: 01:16Published

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Bank of England to remove any portraits of former governors linked to slave trade

The Bank of England said on Thursday it would remove any portraits still on display within the 325-year-old central bank of former governors or directors with links to the slave trade.
Reuters - Published

Much more serious than the 2008 crisis, former BoE Governor King says

Britain faces a "much more serious" economic challenge now than in 2008 when the country's banking system almost collapsed, and must be prepared for far higher borrowing, former Bank of England..
Reuters - Published

UK will not appoint new BoE chief before December 12 election: official

Britain's government will not name a successor to Bank of England Governor Mark Carney before a national election due on Dec. 12, a finance ministry official, who declined to be named, said.
Reuters - Published

UK's Javid sees BoE governor appointment this autumn: ITV

The appointment process for the next governor of the Bank of England is on track and an appointment will be made this autumn, finance minister Sajid Javid said on Wednesday.
Reuters - Published

Alan Turing, WWII codebreaker, is the new face of Britain's £50 note

The Bank of England made the announcement after considering many pivotal scientists
CBS News - Published

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