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A Perspective View of the Bank of England (published 1756): the bank initially occupied a narrow site behind the front on Threadneedle Street. The Bank of England moved to its current location, on the site of Sir John Houblon's house and garden in Threadneedle Street (close by the church of St Christopher le Stocks), in 1734. [53]
The Old Bank of England is a public house at 194 Fleet Street, where the City of London meets the City of Westminster. It was constructed on a corner site in 1886 by Sir Arthur Blomfield in a grand Italianate style, the interior having three large chandeliers with a detailed plaster ceiling. It is a Grade II listed building. [1] [2]
Cunliffe currently serves as Deputy Governor of the Bank of England for Financial Stability. He took up the role in November 2013 and is an ex officio member of the Bank's Financial and Monetary Policy Committees and its Court of Directors. [ 7 ]
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. England uses the pound sterling which is the world's oldest currency that is still in use and that has been in continuous use. [ 201 ]
The Bank of England Museum, located within the Bank of England in the City of London, is home to a collection of diverse items relating to the history of the Bank and the UK economy from the Bank's foundation in 1694 to the present day. The museum is open to the public, free of charge.
An ex-officio member of the bank's interest-rate setting Monetary Policy Committee since its inception in 1997, King took part in its monthly meetings. He succeeded Sir Edward George as governor on 1 July 2003, and was also the first incumbent governor of the Bank of England to be received in audience with Queen Elizabeth II. [12]
His younger brother, Abraham Houblon, was also Bank of England Governor, from 1703 to 1705. A daughter of Abraham Houblon, Anne, was married to Henry Temple, later Viscount Palmerston, in 1703. His older brother, James, an influential merchant and Member of Parliament for the City of London, was also a director of the Bank of England. [2]
The self-interest of the Bank of England thereby caused additional failures. Although banker Henry Thornton described in 1802 the proper lender of last resort actions to be taken by a central bank in such a crisis, it was not until the Overend Gurney crisis of 1866 that the Bank of England would take action to prevent widespread panic ...