Qualified advisers answering your
Financial Questions
call 0800 092 1245

What would be left for the Bank of England if stripped of power?

With the Labour government set to think the unthinkable and strip the Bank of England of key powers with regard to the regulation and operation of the financial sector, many are now asking what would be left for the Bank of England if this were to happen. This is a bank which has been central to the UK financial system and overall economy for hundreds of years and a bank which has a reputation unrivalled by any in the worldwide marketplace.

Many believe the threat by Alistair Darling could make or break the UK government as the Labour Party looks to untangle and rip apart a system which has gone back many years. While there is no doubt that the current government of the day is the most powerful group in the UK, many people underestimate the power of the Bank of England and the loyalty which it demands and receives from the financial sector. Even though Alistair Darling may huff and puff about his recent fallout with the Bank of England, and Mervyn King in particular, will he really have the nerve to take on the old Lady of Threadneedle Street?

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details