The Governor – ready to rule the economy?
It has withstood riots, runaway inflation, boom and bust and financial crises, including the devastating events of recent years. If nothing else, the Old Lady of Threadneedle Street has proved to be a survivor.
Having remained standing on its three-acre site, enclosed by Sir John Soane’s windowless curtain wall, the Bank is, however, about to enter a new era. Come 2013, it will be granted unprecedented powers over both our financial system and the activities of individual banks and other financial firms.
The Bank’s senior executives will sit in judgment over not only how much credit we can safely handle as a country, but also the individual decisions of bank chief executives. Only Parliament can question this near absolute power.
Over three days we will investigate the Bank’s record, how the new system will work, the people involved and a potentially troublesome relationship with Europe. With access to the senior players at both the Bank and the soon-to-disappear Financial Services Authority, we reveal the coming financial power in the land.
Damian Reece
Head of Busines
Related Articles
-
A century of BoE Governors
28 May 2011
-
10 famous people the public want on a banknote
28 May 2011
-
Former rate-setters attack Mervyn King’s bank reforms
24 May 2011
-
Inflation expectations fuel prospect for rate rise
27 May 2011
-
Andrew Sentance’s last speech: in full
25 May 2011
-
Workers may rebel over pay, says King
18 May 2011
Similar Posts:
- The Governor – ready to rule the economy?
- Mortgage Scammer Faces Possible 385-year Prison Term
- UK growth to slow and prices to rise, Bank of England warns
- Families face budget squeeze for ‘some time’, Bank of England chief economist says
- Can Chapter 7 Bankruptcy save my home?
