Is Englands Bank government owned or a private corporation?

2 Answers

Ray Dart Profile
Ray Dart answered

The BoE annual report makes it clear that it considers itself neither of those things.

It is owned by nobody, strictly-speaking and its function is largely independent of government.

But..... Insofar as the management and "Court" of Directors are largely government appointees it might be said that it is a distant arm of government.

mary adam Profile
mary adam answered

It's owned by private shareholders, but they won't divulge who they are.

https://m.youtube.com/watch?v=Z6NcAzqAd6M

1 Person thanked the writer.
View all 6 Comments
Ray Dart
Ray Dart commented
You've completely missed the point (and don't understand (or haven't worked out) the reasons for setting up the subsidiary company.) Everyone knows that the bank was originally privately financed. I answered the question according to the BoE Annual Report's own definition. It's as good answer as your unexplained quotations.
Ray Dart
Ray Dart commented
Incidentally - it is officially "owned" by the Treasury Solicitor" - another Government appointee.
mary adam
mary adam commented
My quotations are the history of the bank. The Treasury solicitor works on behalf of HM treasury.

Answer Question

Anonymous