Written question asked by Lord Harrison (Labour) on Thursday, 6 April 2017, in the House of Lords. It was due for an answer on Monday, 24 April 2017. It was answered by Baroness Neville-Rolfe (Conservative) on Wednesday, 19 April 2017 on behalf of the Treasury.
Bank of England
- Question
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To ask Her Majesty’s Government whether they will consider advising the Bank of England to change its formal name to the Bank of England and the United Kingdom, whilst continuing to use the Bank of England for day-to-day purposes.
- Answer
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The Bank of England's name carries a longevity that pre-dates the formation of the United Kingdom itself, having been founded in 1694 as “the Governor and Company of the Bank of England”. Under the current state of the union the Bank acts as central bank for the entirety of the United Kingdom. This includes underwriting both Scottish and Northern Irish banknotes.
To change its name now would represent a break from over 300 years’ worth of history and the prestige it carries as a global brand.
Secondary information
- Type
- Written question
- Reference
- HL6710
- Session
- 2016-17
- Subjects
- Bank of England
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2017-05-31 17:38:36 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2016-17/HL6710
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2016-17/HL6710
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2016-17/HL6710