Andrew Hewitt Sunday 1 March 2026 was the 80th anniversary of the Bank’s coming into public ownership, following the Bank of England Act 1946. It was the first of eight major nationalisations by the post-war Labour government and the only one not to be later reversed, in whole or in part. Some opponents, at the … Continue reading A balancing act in public ownership: the quiet legacy of the Bank of England Act 1946
Bank history
David Rule and Iain de Weymarn Technologies such as distributed ledgers create the possibility of new forms of digital money, whether privately-issued ‘stable coins’, tokenised commercial bank deposits, or central bank digital currencies. Authorities are considering a world where digital money circulates alongside existing forms of money. In the past, the nature of money has often changed. Prior … Continue reading New money, old money